The social cost of carbon (SCC) is a monetary measure of the harms from carbon emission. Specifically, it is the reduction in current consumption that produces a loss in social welfare equivalent to that caused by the emission of a ton of CO2. The standard approach is to calculate the SCC using...

Preliminaries: morality, consequentialism, welfarism -- The SWF approach and its competitors -- Well-being and interpersonal comparisons -- Estimating utilities -- The case for a continuous prioritarian SWF -- Lifetime prioritarianism -- Ranking actions: prioritarianism under uncertainty -- Next...