Work and Climate Change Report

U.S. Updates the Social Cost of Carbon to $36 Per Ton

On July 2, the White House Office of Management and Budget (OMB) set the new 2015 Social Cost of Carbon at $36/ton of CO2, representing the cost of the damage to society caused by one ton of carbon dioxide emission.   At the same time, the Interagency Working Group on Social Cost of Carbon released its formal response to the comments and letters submitted during the most recent public comment period in 2013 in   Response to Comments: Social Cost of Carbon for Regulatory Impact Analysis Under Executive Order 12866  .