'The Most Important Number You've Never Heard Of'
Senior Fellow Maureen Cropper lends her insights to a BBC article about the social cost of carbon, which also cited RFF research extensively.
"Several countries have dabbled with adopting a version of the SCC, but it has had the most impact in the US, where it was invented. Since it was introduced, there have been around 80 regulations in the country that have been justified by using the SCC, according to Maureen Cropper, senior fellow at US-based research institute Resources for the Future, and a member of the National Academy of Sciences, who co-authored the 2017 review of the SCC under the Obama administration.
For example, the SCC has guided the US government to estimate the benefits of energy efficiency standards, and has also guided state governments on policies for the electricity sector, such as California's cap and trade policy, she says...
'[The SCC] really does help spur evaluations and decisions,' she says."
