In 2017, economists working at the U.S.Department of Treasury's Office of Tax Analysis have estimated that the marginal social cost of carbon dioxide emissions was about
A)$7 per metric ton.
B)$32 per metric ton.
C)$49 per metric ton.
D)$70 per metric ton.

Question

Quizplus · Accepted Answer

According to the U.S. Department of Treasury's Office of Tax Analysis, in 2017, economists estimated that the marginal social cost of carbon dioxide emissions was around $49 per metric ton. This takes into account the costs associated with climate change, such as damage to crops, property, and infrastructure, as well as negative health impacts. This estimate is widely accepted among economists as a reasonable estimate of the social cost of carbon.

In 2017, Economists Working at the U