Independent report

Methodologies: social cost of carbon estimates in policy assessment

Research carried out by AEA Technology Environment to help government incorporate social cost of carbon (SCC) values in decision-making.

Documents

The Social Costs of Carbon (SCC) Review: Methodological Approaches for Using SCC Estimates in Policy Assessment

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Peer review paper by Professor Paul Ekins, Policy Studies Institute

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Details

This study focuses on the economic costs to society from climate change actually occurring, known as the Social Cost of Carbon (SCC). The SCC is usually estimated as the net present value of climate change impacts over the next 100 years (or longer) of one additional tonne of carbon emitted to the atmosphere today. It is the marginal global damage costs of carbon emissions.

Published 1 December 2005