social cost of carbon

"Rather than speeding the process of infrastructure and energy development, the Trump administration has risked slowing it down.”
To set an efficient market price on carbon emissions, it's helpful to know the social cost of those emissions--that is, the estimate of the economic damages (in dollars) associated with an increase in carbon dioxide emissions, usually one metric ton, in a given year.
Coal is a dead man walking because of two fundamental reasons: the revelation of the true cost of its deadly pollution and the booming clean energy economy. Both reasons disproportionately impact the Latino community.
If we are to stay below the 2°C temperature rise, we have to reverse this sense of inevitability, whether it is in the guise of pragmatism or complacency. To aggressively pursue a low-carbon economy, the Keystone XL pipeline is not just as good a place to start as any, but better. It is an infrastructure project -- yesterday's infrastructure.