Maximilian Auffhammer at the Energy Institute at Haas reviews a new paper that suggests CO2 causes over three times as much damage in dollar terms as the figure currently used by the US government, $51 per ton. The new study shows $185 per ton of CO2 as the Social Cost of Carbon (SCC). The updated model is superior to previous models, says Auffhammer. It’s also open source, so anyone can use it, criticise it, and tweak the numbers to get … [Read more...]