WASHINGTON -– The U.S. government uses $37 as its estimate of how much a ton of carbon dioxide emitted into the atmosphere costs, including decreased agricultural productivity, damage from rising sea levels and harm to human health related to climate change. The Obama administration updated that figure, known as the “social cost of carbon,” in November.
But a report released Thursday argues that $37 is far too low. It doesn’t include costs of other major climate impacts, such as increased respiratory illness from higher pollen or ozone, or the spread of insect-borne diseases such as Lyme disease, …read more
Source: Huffington Post Green