User:Jeremy.lan/sandbox
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Our group (Meredith, Janine, Rahul) wish to edit the "Carbon Tax" page as well as the "Economics of Climate Change Mitigation" page.
In "Economics of Climate Change Mitigation" page under "Discount Rates" tab[edit]
- Elaborate more on what a high and low discount rate entails.
- Discuss effects on current and future generations, and assumptions made to support a high or low discount rate.
In "Carbon Tax" page under "social cost of carbon" tab[edit]
- We hope to connect the DICE model and its implications to how countries set the social cost of carbon
- Dynamic Integrated Climate Economy Model (DICE)
In "Carbon Tax" page under "United States" tab[edit]
- Internal Price on Carbon: We will talk about the internal price of carbon used by companies in the United States. Companies in the United States use their own cost of carbon to anticipate future government regulations which may levy an internal price of carbon on their business while planning their operations
- Although the United States does not currently implement a carbon tax, many American corporations have set the precedent on setting an “internal price on carbon”. Companies calculate this internal price to assess the risk value of future projects when making economic investment decisions. Companies usually assess a higher internal price when i) the company emits large amounts of CO2, and ii) when the company projects further into the future. Examples of US corporations and their internal carbon prices are shown below.
- http://www.economist.com/news/business/21591601-some-firms-are-preparing-carbon-price-would-make-big-difference-carbon-copy
- Timeline of how social cost of carbon is being implemented in the United States
- The US Environmental Protection Agency has recently removed their page regarding the social cost of carbon since the new Drumpf administration has been installed. EPA Director Scott Pruitt's skepticism towards human contributions to climate change has led to a decreased emphasis towards advancing climate change policies. Several administrative advisers have stated that the social cost should be reduced to zero (currently at $36 per ton of carbon dioxide). A possible reduction or elimination of the social carbon cost would lead to the overhaul of dozens of climate regulations established in previous administrations. Jeremy.lan (talk) 23:40, 28 April 2017 (UTC)
Source Bank[edit]
- https://www.cdp.net/en/campaigns/commit-to-action/price-on-carbon
- https://www.scientificamerican.com/article/will-trumps-climate-team-accept-any-social-cost-of-carbon/
- https://www.epa.gov/climatechange/social-cost-carbon
- http://www.pnas.org/content/114/7/1518.full
- https://www.carbonbrief.org/qa-social-cost-carbon
- https://www.brookings.edu/testimonies/the-social-costs-of-carbon/
Jeremy.lan (talk) 19:14, 18 April 2017 (UTC)