Search

« Back to Publications

President Trump threatens to undermine key measure of climate policy success

David Hodgkinson writes in The Conversation (20.1.17) about how the ‘social cost’ of carbon – which calculates the impact of carbon emissions – plays a key role in US climate policy, but the measure is likely to be wound back under the new Trump administration.

‘One of the key measures President Barack Obama used to develop climate policy could be under threat under President Donald Trump. The “social cost of carbon”, a dollar measure of how much damage is inflicted by a tonne of carbon dioxide, underpins many US and other energy-related regulations (and in the UK too, for example).

‘The latest estimates from William Nordhaus, one of the best-known economists dealing with climate change issues (together with Nicholas Stern), put the social cost of carbon in 2015 at a baseline of US$31.20. This rises over time as the impacts of climate change worsen.

‘Conversely, the social cost of carbon is also the “government’s best estimate of how much society gains over the long haul” by reducing CO₂ emissions.

‘… Social costs of carbon estimates have been – and remain – helpful for assessing the climate impacts of carbon dioxide emission changes, but perhaps not for the incoming Trump administration in the US.’

The TJRyan Foundation does not guarantee the accuracy, currency or completeness of any information or material available on this website. The TJRyan Foundation reserves the right to change information or material on this website at any time without notice. Links from this site to external, non-TJRyan Foundation websites should not be construed as implying any relationship with and/or endorsement of the external site or its content by the TJR Foundation, nor any commercial relationship with the owners of any external site. Should any TJRyan research project be funded by an individual or organisation the source of funding will be stated beside the research report. In all other cases contributions are provided on a pro bono basis.
Receive the latest news

Subscribe To Our Newsletter

Get notified about new articles

This field is for validation purposes and should be left unchanged.