Gallery: New Study: Feds Underestimate Social Cost of Carbon Pollution ...

 

A new study just published in the Journal of Environmental Studies and Sciences calculates that the U.S. government is using a faulty model for estimating the damages of carbon pollution, undervaluing its costs by a factor of between 2.6 and 12 times. The study, conducted by Laurie Johnson, chief economist at the Climate Center of the Natural Resources Defense Council (NRDC), and Chris Hope, reader and fellow at the University of Cambridge Judge Business School, shows that regulatory agencies are likely ignoring “the economic damages climate change will inflict on future generations,” Johnson writes on the NRDC staff blog.

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