Vermont Climate Council Adopts New York’s Valuation of the Social Cost of Carbon
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Application
Economic analysis of Vermont’s Climate Action Plan
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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.
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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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