TY  - JOUR
AU  - Greenstone,Michael
AU  - Kopits,Elizabeth
AU  - Wolverton,Ann
TI  - Estimating the Social Cost of Carbon for Use in U.S. Federal Rulemakings: A Summary and Interpretation
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 16913
PY  - 2011
Y2  - March 2011
UR  - http://www.nber.org/papers/w16913
L1  - http://www.nber.org/papers/w16913.pdf
N1  - Author contact info:
Michael Greenstone
MIT Department of Economics
50 Memorial Drive, E52-359
Cambridge, MA 02142-1347
Tel: 617/452-4127
Fax: 617/253-1330
E-Mail: mgreenst@mit.edu

Elizabeth Kopits
National Center for Environmental Economics
U.S. Environmental Protection Agency
1200 Pennsylvania Ave, NW
MC 1809T
Washington, DC 20460 
E-Mail: kopits.elizabeth@epa.gov

Ann Wolverton
National Center for Environmental Economics
U.S. Environmental Protection Agency
1200 Pennsylvania Ave., NW
MC 1809T
Washington, DC 20460
E-Mail: wolverton.ann@epamail.epa.gov
AB  - The United States Government recently concluded a year-long process to develop a range of values representing the monetized damages associated with an incremental increase in carbon dioxide (CO2) emissions, commonly referred to as the social cost of carbon (SCC).  These values are currently used in benefit-cost analyses to assess potential federal regulations.  For 2010, the central value of the SCC is $21 per ton of CO2 emissions and sensitivity analyses are to be conducted at $5, $35, and $65 (2007$).  This paper summarizes the methodology and process used to develop the SCC values, complemented with our own commentary about how the SCC can be used to inform regulatory decisions and areas where further research would be particularly useful.
ER  -