💰 Social Cost of Carbon

The Social Cost of Carbon (SCC) – the social cost of carbon dioxide – expresses the economic damages of one ton of CO₂ emissions in dollars. This metric includes agricultural losses, health damages, infrastructure destruction, and natural disaster costs caused by climate change. The SCC value has dramatically increased over the past decade as more accurate scientific models become available and the impacts of climate change become more evident. According to the latest research, one ton of CO₂ emissions causes $1500 in damage to society – this is more than 35 times the 2015 estimate.