In 2010, as part of a rulemaking on efficiency standards, the U.S. government published its first estimates of the benefits of reducing CO<Subscript>2</Subscript> emissions, referred to as the social cost of carbon (SCC). Using three climate economic models, an interagency task force concluded that regulatory impact...</subscript>

The US government must use an official estimate of the “social cost of carbon” (SCC) to estimate carbon emission reduction benefits for proposed environmental standards expected to reduce CO<Subscript>2</Subscript> emissions. The SCC is a monetized value of the marginal benefit of reducing one metric ton of CO<Subscript>2</Subscript>....</subscript></subscript>