Vermont Climate Council Unanimously Adopts EPA’s SC-GHG Estimates for Use in Benefit Cost Analysis of GHG Policy and Rules
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Application
Benefit cost analysis of activities that impact GHG emissions and for GHG emissions-related rules
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Date
September 2024 -
Details
The Vermont Climate Council, a body established by the Vermont Legislature and responsible for updating the state's Climate Action Plan, unanimously approved the recommendation of its Science & Data subcommittee regarding updating estimates of the social cost of greenhouse gases (SC-GHG) for use in Vermont. The council recommended the use of EPA's 2023 SC-GHG values in benefit-cost analysis related to GHG emissions rules and policies in Vermont.
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SCC Value(s)
The Climate Council recommended the use of SC-GHG estimates from EPA's recent Report on the Social Cost of Greenhouse Gases. For emissions in the year 2030, for instance, those values are $140–$380 for the social cost of carbon, with a central estimate of $230 (all in 2020$).
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