Donald Trump threatens to undermine key measure of climate policy success

Trump said the US would withdraw from the Paris climate change agreement

One of the key measures President Barack Obama used to develop climate policy could be under threat under President Donald Trump. The “social cost of carbon”, a dollar measure of how much damage is inflicted by a tonne of carbon dioxide, underpins many US and other energy-related regulations (and in the UK too, for example).

The latest estimates from William Nordhaus, one of the best-known economists dealing with climate change issues (together with Nicholas Stern), put the social cost of carbon in 2015 at a baseline of US$31.20. This rises over time as the impacts of