Tell me How

Tackling the Social Cost of Carbon

June 15, 2021

What exactly is the social cost of carbon? What should policymakers do in the face of uncertainty surrounding its value?  Is a global carbon tax a good response to global warming? This episode addresses these questions. It considers the problems policymakers face when confronting a range of potential catastrophes – as happened in 2020. Should countries plan for each potential disaster as a separate event?