Vermont Climate Council Adopts New York’s Valuation of the Social Cost of Carbon
Economic analysis of Vermont’s Climate Action Plan
As part of its Climate Action Plan, the Vermont Climate Council endorsed the usage of the social cost of carbon and adopted New York’s climate-damage valuations with a central discount rate of 2%. In doing so, the Climate Council adopted the recommendations of its Science and Data Subcommittee.
Central estimate of $124/metric ton for 2020 emissions, using a 2% discount rate. Alternative values of $51 (3% discount rate) and $406 (1%).
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