California Department of Transportation Uses the SCC in Project-Level Benefit-Cost Analysis
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Application
Project-level benefit cost analysis
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Date
July 2021 -
Details
The California Department of Transportation (DOT) uses the social cost of greenhouse gases, as appropriate, into its analysis of projects including: operational improvement, transportation management, highway expansion, and rail/transit. The DOT applies the IWG SCC values (adjusted for inflation) at the 3 percent discount rate, and a 2 percent “uprater,” to reflect the IWG conclusion that “future emissions are expected to produce larger incremental damages as physical and economic systems become more stressed.”
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SCC Value(s)
$36/ton CO2 and $38/ton CO2
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