Last edited 14 Sep 2022

Social cost of carbon

Global Warming of 1.5 ºC, Glossary, published by the Intergovernmental Panel on Climate Change (IPCC) in 2018, defines the social cost of carbon (SCC) as: ‘The net present value of aggregate climate damages (with overall harmful damages expressed as a number with positive sign) from one more tonne of carbon in the form of carbon dioxide (CO2), conditional on a global emissions trajectory over time.’

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