
Economic Models and the Real-World Social Costs of Carbon
Economic theory mandates that it is worth reducing CO2 emissions up to the point where the benefits are equal to the cost. The social cost of carbon is an estimate, in dollars, of the economic damages from emitting one additional ton of greenhouse gases into the atmosphere. This metric is inextricably tied to the Neoliberal Economics and used by the UN and most governments to … Continue reading Economic Models and the Real-World Social Costs of Carbon