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Social Cost of Carbon

Under Executive Order 12866 the Federal government must estimate, in financial terms, the benefits that society would derive from a regulation, thus adding another way of comparing it to the cost of the regulation.

One estimate has been the "social cost of carbon." Among the costs are the financial damage done by extreme weather events caused by climate change or health costs.

In May 2013 the goverment issue a document raising the social cost of carbon estimate from $20 per tonne to $32.

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