Study Sharply Boosts Carbon ‘Cost’ Estimates, Likely Aiding Biden Update

A major new study led by a consortium of economists and other academics is concluding that the per-ton damages from carbon dioxide emissions are more than triple those under current government estimates, findings that could aid the Biden administration’s ongoing update to the values that are a key input to climate-related policies. The Sept. 1 study in the journal Nature , led by Resources for the Future (RFF) and the University of California-Berkeley, says the significantly higher climate damages estimates...