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Estimated Social Cost of Climate Change Not Accurate, Stanford Experts Say

Estimated Social Cost of Climate Change Not Accurate, Stanford Experts Say

February 9, 2016

The social cost of carbon dioxide emissions may not be $37 per ton, as estimated by a recent U.S. government study, but $220 per ton.

Based on the findings, countries may want to increase their efforts to curb greenhouse gas emissions, said study co-author Delavane Diaz, a PhD candidate in the Department of Management Science and Engineering at Stanford's School of Engineering. "If the social cost of carbon is higher, many more mitigation measures will pass a cost-benefit analysis," Diaz said. "Because carbon emissions are so harmful to society, even costly means of reducing emissions would be worthwhile."

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