Client: Friends of the Earth
Authors: Liz Stanton, PhD, Chirag Lala, and Tanya Stasio
June 2021
Director and Senior Economist Liz Stanton, PhD and Research Assistants Chirag Lala and Tanya Stasio prepared comments on the 2021 guidance towards updating the U.S. social cost of greenhouse gases (SC-GHG) on behalf of Friends of the Earth.
AEC staff recommend that the current revision to the U.S. SC-GHG: (1) Estimate climate damages in a single model; (2) Include climate damages around the world; (3) Value for future climate impacts; (4) Place equal value on all people, all families, and all communities; (5) Set fair and effective emission reduction targets, and; (6) Have a clear process for updating the SC-GHGs over time.
Link to News Release, Common Dreams