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Rising sea levels contributed to the destruction of a walkway at Capistrano Beach in Dana Point, Calif.

Carbon taxes can work, but design matters, and must be taken seriously. Learn more about carbon emissions and climate change tax and green tax reforms.

College of Natural Resources panelists discuss social cost of carbon Bradley Machado/File The Berkeley Rausser College of Natural Resources held a discussion on the social cost of carbon Wednesday. The social cost of carbon is often utilized in cost-benefit analysis in policymaking. The Berkeley Rausser College of Natural Resources held a discussion Wednesday on the social cost of carbon as part of the Breakthroughs Magazine Virtual Series. Campus professor Maximilian Auffhammer moderated the series’s inaugural discussion, which also featured campus professor David Anthoff and campus doctor...

Oil and gas production is one of the top sources of methane emissions. (Credit: iStock) What is the cost of 1 ton of a greenhouse gas? When a climate-warming gas such as carbon dioxide or methane is emitted into the atmosphere, its impacts may be felt years and even decades into the future – in the form of rising sea levels, changes in agricultural productivity, or more extreme weather events, such as droughts, floods, and heat waves. Those impacts are quantified in a metric called the “social cost of carbon,” considered a vital tool for making sound and efficient climate policies. Now ...

 E-Mail The Biden administration is revising the social cost of carbon (SCC), a decade-old cost-benefit metric used to inform climate policy by placing a monetary value on the impact of climate change. In a newly published analysis in the journal Nature, a team of researchers lists a series of measures the administration should consider in recalculating the SCC. "President Biden signed a Day One executive order to create an interim SCC within a month and setting up a process to produce a final, updated SCC within a year," explains Gernot Wagner, a climate economist at New York University's...