The Cost of Climate Pollution

Washington State’s Office of Financial Management Uses SCC in Life Cycle Cost Tool

uWashington Investment/Procurement September 2020

• Application

  Life Cycle Cost Analysis for Capital Expenditures

• Date

  September 2020

• Details

  Washington State uses a life cycle cost analysis tool for new facilities over 5,000 sq ft or renovations. The Life Cycle Cost Tool allows users to input various assumptions about a building's operations, such as fuel use, and then outputs a report of the building's total costs including the social cost of carbon. 

• SCC Value(s)

  $78.66/ton for year 2025 emissions (based on 2016 IWG estimates at a 2.5% discount rate)

• Legal Authority

  Rev. Code Wash. 39.35.030(9)

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