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In this week\u2019s episode, host Daniel Raimi talks with two fellows at Resources for the Future: Brian C. Prest and Kevin Rennert. Prest and Rennert, alongside a large team of collaborators, recently released a paper in the journal \u201cNature\u201d that provides a new estimate of the social cost of carbon\u2014the quantification, in dollars, of the economic damages associated with emitting an incremental ton of carbon dioxide into the atmosphere. For the podcast, they describe what\u2019s new about this estimate, how it differs from previous numbers, and its implications for policymaking. They also discuss the important uncertainties associated with the estimate, along with assertions made by some critics that we should put less focus on using the social cost of carbon.\n\nReferences and recommendations:\n\n\u201cComprehensive Evidence Implies a Higher Social Cost of CO2\u201d by Kevin Rennert, Frank Errickson, Brian C. Prest, Lisa Rennels, Richard G. Newell, William Pizer, Cora Kingdon, Jordan Wingenroth, Roger Cooke, Bryan Parthum, David Smith, Kevin Cromar, Delavane Diaz, Frances C. Moore, Ulrich K. M\xfcller, Richard J. Plevin, Adrian E. Raftery, Hana \u0160ev\u010d\xedkov\xe1, Hannah Sheets, James H. Stock, Tammy Tan, Mark Watson, Tony E. Wong, and David Anthoff; https://www.rff.org/publications/journal-articles/comprehensive-evidence-implies-a-higher-social-cost-of-co2/\n\nAn Updated Social Cost of Carbon: Calculating the Cost of Climate Change\u201d RFF Live event; https://www.rff.org/events/rff-live/an-updated-scc/\n\n\u201cThe Social Cost of Carbon: Reaching a New Estimate\u201d by Brian C. Prest, Jordan Wingenroth, and Kevin Rennert; https://www.resources.org/archives/the-social-cost-of-carbon-reaching-a-new-estimate\n\nSocial Cost of Carbon Initiative at Resources for the Future; https://www.rff.org/scc/\n\nMimi Integrated Assessment Modeling Framework; https://www.mimiframework.org/\n\n\u201cThe Rule of Five: Making Climate History at the Supreme Court\u201d by Richard J. Lazarus; https://www.hup.harvard.edu/catalog.php?isbn=9780674238121