The social cost of carbon, a dollar figure per ton of carbon dioxide released, is factored into the costs and benefits of proposed regulations and purchasing decisions, such as whether the Postal Service should buy electric- or gasoline-powered trucks, or where to set emissions standards for coal-fired power plants. Krane and Finley explain further in The Conversation.
March 28, 2022, 4:44 p.m.
Jim Krane, Ph.D., is the Wallace S. Wilson Fellow for Energy Studies at Rice University’s Baker Institute for Public Policy in Houston. He specializes in energy geopolitics, with a focus on oil-exporting countries and the challenges they face from energy …
Kelly Neill is a graduate fellow at the Baker Institute's Center for Energy Studies and is currently completing her Ph.D. in economics at Rice University. Her previous research has focused on the gas industry in Australia. She also has an interest in …
