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Carbon Pricing In The Private Sector: How Science, Politics, And Climate Change Influence Business Strategy, Hayden Hubbard, Mcklayne Marshall, Christopher Cottle
Carbon Pricing In The Private Sector: How Science, Politics, And Climate Change Influence Business Strategy, Hayden Hubbard, Mcklayne Marshall, Christopher Cottle
Research on Capitol Hill
The social cost of carbon (SCC) is defined as the monetized social (externality) cost of a metric ton of CO2 emitted into the atmosphere in a given year. Economist Michael Greenstone called it “The most important figure you’ve never heard of.”
Since 2009, the SCC has been a major factor in $1.2 trillion of legislation. No carbon tax exists in the U.S., but many private and public companies have started using internal carbon pricing in decision making.
The Carbon Disclosure Project (CDP) has capitalized on this trend by creating a central depository for emissions reporting and sustainability. This was the …