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Scientists Have A New Way To Calculate What Global Warming Costs. Trump’s Team Isn’t Going To Like It.
EPIC Director Michael Greenstone comments on the National Academy of Sciences recommendations to update the social cost of carbon.
How we view the costs of future climate change, and more importantly how we quantify them, may soon be changing. A much-anticipated new report, just released by the National Academy of Sciences, recommends major updates to a federal metric known as the “social cost of carbon” — and its suggestions could help address a growing scientific concern that we’re underestimating the damages global warming will cause.