Climate change could affect our society through impacts on a number of different social, cultural, and natural resources. For example, climate change could affect human health, infrastructure, and transportation systems, as well as energy, food, and water supplies.
June 23, 1988 marked the date on which climate change became a national issue. In landmark testimony before the U.S. Senate Energy and Natural Resources Committee, Dr.
There are estimates for the cost of three greenhouse gases: carbon, methane, and nitrous oxide. For carbon dioxide, the social cost of releasing a metric ton is $51. A metric ton of methane costs $1500, and releasing a metric ton of nitrous oxide costs $18,000, according to the SCC measure.
A social problem is an issue within the society that makes it difficult for people to achieve their full potential. Poverty, unemployment, unequal opportunity, racism, and malnutrition are examples of social problems. So are substandard housing, employment discrimination, and child abuse and neglect.
Recent literature illustrates the economic and social challenges facing cities around the world as a result of climate change including energy shortages, damaged infrastructure, increasing losses to industry, heat-related mortality and illness, and scarcity of food and water. These challenges are interrelated.
The social cost of carbon (SCC) is used to estimate in dollars all economic damage that would result from emitting one ton of carbon dioxide into the atmosphere. … The social cost of carbon is used to help policy makers determine whether the costs and benefits of a proposed policy to curb climate change are justified.
The short answer: The social cost of carbon helps reveal how much society should sacrifice to avoid climate change. It is important to clarify its meaning so that it can be more widely applied. Goulder: It provides the key information societies need to determine how much to sacrifice to combat climate change.