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The social cost of carbon

The social cost of carbon

Social Cost of Greenhouse Gas Emissions

Scientific studies show that climate change will have, and in some cases has already had, severe consequences for  society,  like  the  spread  of  disease,  increased  food  insecurity,  and  coastal  destruction. 

These  damages  from emitting greenhouse gases are not reflected in the price of fossil fuels, creating what economists call “externalities.” The social cost of carbon (SCC) is a metric designed to quantify climate damages, representing the net economic cost of carbon dioxide emissions.

In order to maximize social welfare, policymakers must ensure that the market properly accounts for all externalities, like greenhouse gas pollution.

By failing to account fully for carbon pollution, for example, policymakers would tip the scales in favor of dirtier energy sources, letting polluters pass the costs of their carbon emissions onto the public. Incorporating the SCC into policy analysis removes that bias by accounting for the costs of such pollution.

The Social Cost of Carbon is a critical tool, offering information to help assess policies.

Peak Sustainability Group Joins Maul Foster & Alongi

Peak Sustainability Group Joins Maul Foster & Alongi

Vancouver, Wash. – Maul Foster & Alongi, Inc. (MFA), a leading Pacific Northwest multidisciplinary firm, is excited to announce the acquisition of Peak Sustainability Group, a respected Bellingham, Washington-based firm specializing in climate change and sustainability services. The acquisition of Peak reflects MFA’s ongoing commitment to environmental stewardship and sustainable business practices. This partnership enables MFA…

Peak Sustainability Social Hour

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Thank you for the wonderful turnout at the 2024 First Quarter Sustainability Social Hour at Structures on Monday, March 18! We had close to 100 people at this quarterly sustainability networking event co-sponsored by Peak Sustainability Group, Sustainable Connections, and ReSources. You could feel the energy of people passionate about climate and sustainability. It’s also…

Peak Sustainability Group celebrates 13 years

Peak Sustainability Group celebrates 13 years

It’s more than an anniversary: we’re building a sustainable future Since early 2011, our founder David Roberts has been on a mission. From the spark of one dedicated individual, we’ve grown into a force for climate action, clean energy, and sustainable practices. After rebranding as Peak Sustainability Group in 2020, we set out to build…

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Electrification is catching on in the hauler industry. Republic Services is going all-in on fully integrated electric recycling and garbage trucks. With a fleet of over 17,000 vehicles nationwide, this sustainability initiative puts Republic in the vanguard of leaders in their industry. Republic is one of the largest operators offering residential and commercial recycling and…

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