Equity weighting increases the social cost of carbon.

EXTERNALITIES; GREENHOUSE gases; PER capita; REGULATORY impact analysis; CLIMATE change in literature; COST benefit analysis

The article explores how the incorporation of distributional weighting into the social cost of carbon (SCC) calculation significantly increases its value, highlighting an eightfold rise due to this adjustment. Topics discussed include the impact of the new 2 percent discount rate, the ethical implications of income weighting, and the international implications of applying distributional weights.