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Valuing Climate Damages: Updating Estimation of the Social Cost of Carbon Dioxide (2017)

Chapter: Appendix B: Presentations to the Committee

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Suggested Citation:"Appendix B: Presentations to the Committee." National Academies of Sciences, Engineering, and Medicine. 2017. Valuing Climate Damages: Updating Estimation of the Social Cost of Carbon Dioxide. Washington, DC: The National Academies Press. doi: 10.17226/24651.
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Appendix B

Presentations to the Committee

Washington, DC, September 2, 2015

  • Sponsors’ Interests and Goals for the Study: Kenneth Gillingham, Council of Economic Advisers
  • Methodology for the Social Cost of Carbon Estimates: Elizabeth Kopits, U.S. Environmental Protection Agency

Washington, DC, November 13, 2015

  • Damage Models for Existing Integrated Assessment Models (IAMs) and Areas of Research
    • Improving the damage portion of IAMs DICE model: Kenneth Gillingham and William Nordhaus, Yale University
    • FUND model: David Anthoff, University of California, Berkeley
    • PAGE model: Chris Hope, University of Cambridge
  • Current State of Evidence and Approaches, Options for Integration into IAMs: Leon Clarke, Pacific Northwest National Laboratory, and Sol Hsiang, University of California, Berkeley
  • Current State of Evidence and Approaches, Future Research Needs: John Reilly, Massachusetts Institute of Technology, and Wolfram Schlenker, Columbia University
Suggested Citation:"Appendix B: Presentations to the Committee." National Academies of Sciences, Engineering, and Medicine. 2017. Valuing Climate Damages: Updating Estimation of the Social Cost of Carbon Dioxide. Washington, DC: The National Academies Press. doi: 10.17226/24651.
×

Washington, DC, May 5, 2016

  • Inter-Sectoral Impact Model Intercomparison Project (ISI-MIP) Overview: Katja Frieler, lead of the ISI-MIP project, Potsdam Institute of Climate Impact Research, Germany
  • Costs of Perturbations and Feedbacks in the CO2 and Methane Cycles: David Archer, University of Chicago
  • Market and Nonmarket Damages Panel
    • A New Empirical Approach to Global Damage Function Estimation: Michael Greenstone, University of Chicago
    • Nonmarket Damages from Climate Change: Michael Hanemann, Arizona State University

Washington, DC, August 23, 2016

  • Remarks and Q&A with several members of the Interagency Working Group on the Social Cost of Greenhouse Gases: Elizabeth Kopits, U.S. Environmental Protection Agency; Alex Marten, U.S. Environmental Protection Agency; Elke Hodson, U.S. Department of Energy; Sheila Olmstead, Council of Economic Advisers
Suggested Citation:"Appendix B: Presentations to the Committee." National Academies of Sciences, Engineering, and Medicine. 2017. Valuing Climate Damages: Updating Estimation of the Social Cost of Carbon Dioxide. Washington, DC: The National Academies Press. doi: 10.17226/24651.
×
Page 219
Suggested Citation:"Appendix B: Presentations to the Committee." National Academies of Sciences, Engineering, and Medicine. 2017. Valuing Climate Damages: Updating Estimation of the Social Cost of Carbon Dioxide. Washington, DC: The National Academies Press. doi: 10.17226/24651.
×
Page 220
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The social cost of carbon (SC-CO2) is an economic metric intended to provide a comprehensive estimate of the net damages - that is, the monetized value of the net impacts, both negative and positive - from the global climate change that results from a small (1-metric ton) increase in carbon-dioxide (CO2) emissions. Under Executive Orders regarding regulatory impact analysis and as required by a court ruling, the U.S. government has since 2008 used estimates of the SC-CO2 in federal rulemakings to value the costs and benefits associated with changes in CO2 emissions. In 2010, the Interagency Working Group on the Social Cost of Greenhouse Gases (IWG) developed a methodology for estimating the SC-CO2 across a range of assumptions about future socioeconomic and physical earth systems.

Valuing Climate Changes examines potential approaches, along with their relative merits and challenges, for a comprehensive update to the current methodology. This publication also recommends near- and longer-term research priorities to ensure that the SC- CO2 estimates reflect the best available science.

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