KAPSARC – Social Cost of Carbon: The Elusive Quest for the Right Value to Guide Policy

The main topic of the document is the social cost of carbon (SCC), which represents the monetary valuation of the economic and social costs of accumulating CO2 emissions in the atmosphere.

SCC is a key indicator for shaping climate policy, helping to assess whether the benefits of policies, regulations, or public investments outweigh their costs. The document discusses the approaches and methodologies used to estimate SCC, as well as their limitations, highlighting uncertainties in the impacts of climate change.