Page:Technical Support Document - Social Cost of Carbon, Methane and Nitrous Oxide Interim Estimates under Executive Order 13990.pdf/25

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full set of annual SC-GHG values between 2020 and 2050, calculated using linear interpolation between the numbers shown in Tables 1–3, is reported in the Appendix and the full set of model results are available on the OMB website.[1] The SC-GHG estimates increase over time within the models – i.e., the societal harm from one metric ton emitted in 2030 is higher than the harm caused by one metric ton emitted in 2025 – because future emissions produce larger incremental damages as physical and economic systems become more stressed in response to greater climatic change, and because GDP is growing over time and many damage categories are modeled as proportional to GDP.

Table 1: Social Cost of CO2, 2020 – 2050 (in 2020 dollars per metric ton of CO2)[2]

  Discount Rate and Statistic
Emissions
Year
5%
Average
3%
Average
2.5%
Average
3%
95th Percentile
2020 14 51 76 152
2025 17 56 83 169
2030 19 62 89 187
2035 22 67 96 206
2040 25 73 103 225
2045 28 79 110 242
2050 32 85 116 260
Table 2: Social Costs of CH4, 2020 – 2050 (in 2020 dollars per metric ton of CH4)

  Discount Rate and Statistic
Emissions
Year
5%
Average
3%
Average
2.5%
Average
3%
95th Percentile
2020 670 1500 2000 3900
2025 800 1700 2200 4500
2030 940 2000 2500 5200
2035 1100 2200 2800 6000
2040 1300 2500 3100 6700
2045 1500 2800 3500 7500
2050 1700 3100 3800 8200

  1. https://www.whitehouse.gov/omb/information-regulatory-affairs/regulatory-matters/#scghgs
  2. The values reported in this TSD are identical to those reported in the 2016 TSD adjusted for inflation to 2020 dollars using the annual GDP Implicit Price Deflator values in the U.S. Bureau of Economic Analysis’ (BEA) NIPA Table 1.1.9: 113.626 (2020)/ 92.486 (2007) = 1.228575 (U.S. BEA 2021). The IWG combined the distributions across models and socioeconomic emissions scenarios for each of three discount rates (2.5%, 3%, and 5%), plus a fourth value, selected as the 95th percentile of estimates based on a 3 percent discount rate. Values of SC-CO2 are rounded to the nearest dollar; SC-CH4 and SC-N2O are rounded to two significant figures. The annual unrounded estimates are available on OMB’s website for use in regulatory and other analyses: https://www.whitehouse.gov/omb/information-regulatory-affairs/regulatory-matters/#scghgs.
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