# Social Cost of Carbon **URL:** \ **Category:** Climate\ **Created:** [February 15, 2025, 2:51am UTC](http://forum.0xdbfb7.com/t/social-cost-of-carbon/242 "2025-02-15T02:51:44Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![0xDBFB7](http://forum.0xdbfb7.com/user_avatar/forum.0xdbfb7.com/0xdbfb7/32/7_2.png) [@0xDBFB7](http://forum.0xdbfb7.com/u/0xDBFB7)\ **Post date:** [February 15, 2025, 2:51am UTC](http://forum.0xdbfb7.com/t/social-cost-of-carbon/242/1 "2025-02-15T02:51:44Z")
“This is a better”. [https://drive.google.com/drive/u/0/folders/1\_K57NO672VB0UrO6QNrcEZWqzhQgubdP](https://drive.google.com/drive/u/0/folders/1_K57NO672VB0UrO6QNrcEZWqzhQgubdP) talk by UC - 2022 15x \>1 billion-dollar disasters interesting free-market thing; carbon pricing automatically maximizes net benefits, cost effectiveness fuckin’ beautiful words at 10:00 from Phillips. starts off with his background in wastewater treatment, same issue - externality. “one good decision at a time.” Integrated Assessment Models Bill nordhaus ![Screenshot from 2025-02-14 21-00-10](http://forum.0xdbfb7.com/uploads/default/original/1X/af62771cdcb0147d8894fe74f4c937bd70022d32.jpeg) incomplete by definition - only includes areas with good reasearch measns is underestimate us federal SCC - started 2010, “Exemplary scientific grounding” - National Academies - independent reviews $190/tonne in 2022. Germany has always equity-weighted doesn’t include lifecycle stuff like “increased garbage in the oceans” directly, except if that process takes energy and produces carbon. Uncertainty; “very ambitious” models run over centuries, everything is based on probabilities, there are no point estimates. US for any change in regulation, social cost of carbon has to be evaluated social cost of carbon is the central policy tool “social cost of carbon is “one way” to carbon price” - other way is cap and trade - pick a target, figure out least cost way to achieve that target cap and trade, target can be arbitrary - in david’s opinion not as theoretically consistent california cap and trade - provost jumps in, the UC got free allowances from the state, no real effect on decision making cornell - didn’t formalize, “soft policy” - worked to publicize so it was understood “moved the needle on a geothermal project” UC Resource Directory lifecycle and lifecycle cost analysis are different - one is just an economic tool in 2017 the value was $60/ton !! how much higher is it going to get in 10 years? slide 34 in Camille’s talk - in their electrification project - SCC even $260/ton didn’t drive decision making, was a minor component - LCCA looks like it was basically lower anyway lower anyway