Fellow Story
Measuring the Social Cost of Carbon
Using cost-benefit analysis to help design and evaluate regulatory policy is nothing new in government circles, but deploying it as a tool to help meet the challenge of global climate change is quite novel and could be very effective. New research presented in the December 5th edition of Science outlines a practical new approach to measure the social cost of carbon (SCC) to better inform policymakers on the economic and environmental impacts of reducing carbon pollution. The article is co-authored by Harvard Kennedy School Assistant Professor Joseph Aldy.
