Overall, there is inconsistency between the conceptually correct social cost of carbon—that is, the global external damages from carbon emissions—and the guidance put forth for regulatory impact analysis by the US government. Reconciling these two concepts will be a necessary challenge to construct effective climate policy, especially to the extent that other countries look to the United States for climate leadership.
10.11.17 | Common Resources
Casey Wichman on Global versus Domestic Benefits in Assessing US Climate Action
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