Technical Support Document: Technical Update of the Social Cost of Carbon for Regulatory Impact Analysis (2016)

The Interagency Working Group asked the National Academies of Sciences, Engineering, and Medicine in 2015 to review the latest research on modeling the economic aspects of climate change to inform future revisions to the social cost of carbon estimates presented in this technical support document. In January 2016, the Academies’ Committee on the Social Cost of Carbon issued an interim report that recommended against a near-term update to the social cost of carbon estimates, but included recommendations for enhancing the presentation and discussion of uncertainty around the current estimates. This revision to the TSD responds to these recommendations in the presentation of the current estimates.

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Addendum to Technical Support Document on Social Cost of Carbon for Regulatory Impact Analysis under Executive Order 12866 →