New York sets $125/tonne social cost of carbon

Published 15:58 on December 31, 2020  /  Last updated at 15:58 on December 31, 2020  /  Americas, Carbon Taxes, US  /  No Comments

The New York Department of Environmental Conservation (DEC) on Wednesday announced a $125/tonne social cost of carbon (SCC) for use in agency planning, vastly exceeding rate the US federal government has used to account for the economic costs of GHG emissions.

The New York Department of Environmental Conservation (DEC) on Wednesday announced a $125/tonne social cost of carbon (SCC) for use in agency planning, vastly exceeding rate the US federal government has used to account for the economic costs of GHG emissions.

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