Vermont Climate Council Considers Adopting the Social Cost of Carbon

  • Application

    Economic analysis for creating Vermont's Climate Action Plan

  • Date

    August 2021
  • Details

    The Science and Data Subcommittee of the Vermont Climate Council issued Recommendations Regarding Social Cost of Carbon endorsing a technical report recommending that the Council use the social cost of carbon (SCC) in selecting mitigation and adaptation options for its upcoming Climate Action Plan for the state. 1  The Subcommittee and report authors recommend the global damage-based SCC value of $124/metric ton of CO2 with a discount rate of 2% used by New York State's Department of Environmental Conservation. A draft of the Climate Action Plan is expected to be released in December 2021. 2

  • SCC Value(s)

    $124/metric ton of CO2 with a discount rate of 2%. 3

  1. Vt. Climate Couns., Recommendations Regarding Social Cost of Carbon, ↩︎
  2. See ↩︎
  3. Energy Futures Grp. Social Cost of Carbon and Cost of Carbon Model Review: Analyses and Recommendations to Support Vermont’s Climate Council and Climate Action Plan (Aug. 18, 2021), ↩︎

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