True “Social Cost Of Carbon” Is More Than Double Earlier Estimates, Study Finds

True “Social Cost Of Carbon” Is More Than Double Earlier Estimates, Study Finds

The true “social cost of carbon” is more than double earlier estimates — with even just an updated accounting of the agricultural sector on its own more than doubling earlier estimates in aggregate — according to a new analysis from the University of California—Davis and Purdue University. Going on the new analysis, the true “social cost of carbon” is 72% to 129% greater than previously estimated following updated agricultural sector estimates. In addition, the new analysis shows that climate change has an overall net-negative effect on agriculture; and that every ton of CO2 emitted currently causes up to $8.50 […]