calculating the social cost of carbon
Calculating the social cost of carbon refers to the process of quantifying and valuing the economic and environmental damages caused by each additional ton of carbon dioxide (CO2) or greenhouse gas emitted into the atmosphere. It involves estimating the long-term societal costs associated with climate change impacts, such as health problems, economic losses, and environmental degradation resulting from increased CO2 levels.
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Related Concepts (15)
Similar Concepts
- carbon budgeting
- climate finance and carbon pricing
- co-benefits of carbon pricing
- corporate carbon pricing
- economic impacts of carbon pricing
- economics of climate change
- fair distribution of carbon pricing costs
- global carbon budget
- international carbon pricing
- sector-specific implications of carbon pricing
- social and economic impacts of carbon pricing
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- social and equity implications of carbon pricing
- social cost
- social cost of carbon