Date(s) - Friday, Jul 24, 2020
1:00 pm - 2:00 pm
The New York State Department of Environmental Conservation (DEC) will hold a webinar on the “Value of Carbon for Climate Change” from 1 to 2 p.m. Friday, July 24.
What is the “value of carbon”?
Also known as the “social cost of carbon,” the value of carbon is a cost estimate of the economic damages from emitting one additional ton of greenhouse gases (“carbon”) into the atmosphere. Determining a value of carbon allows us to convert the damaging effects of climate change into economic terms to help us understand the economic impacts of increasing or decreasing carbon emissions.
This public webinar will discuss the development of a value of carbon guidance for state agencies. The webinar will provide the public the opportunity to learn and ask questions.
DEC is required to establish a value of carbon for use by state agencies per Article 75 of the Environmental Conservation Law, as amended by the Climate Leadership and Community Protection Act (CLCPA). During this webinar, staff will discuss the requirements for establishing a value of carbon, how a value of carbon is estimated using both a damages and a marginal abatement approach, key considerations and examples of how a value of carbon may be used by state agencies.
Join the webinar
If prompted, the Webex event# is 161 040 2911 and the event password is Carbon2020.
A recording of the webinar will be available after the event.
You can send comments and questions on this webinar or the value of carbon to ClimateAct@dec.ny.gov.