Vermont Climate Council Adopts New York’s Valuation of the Social Cost of Carbon

  • Application

    Economic analysis of Vermont’s Climate Action Plan

  • Date

    December 2021
  • Details

    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.

  • SCC Value(s)

    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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