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Wed, Jan 21
Carbon pollution costs more than government estimates
Climate change could have much larger impacts on the economy than the U.S. government is anticipating, according to an analysis released yesterday that suggests the social cost of carbon should be six times higher.
A paper by two Stanford University researchers argues that the true cost of releasing greenhouse gases is about $220 a ton because rising temperatures could badly hinder a nation’s economic growth over decades or centuries. The Obama administration estimates that the social cost of carbon is $37 a ton.