I think you probably want:
( CO2 averted * Social Cost of Carbon ) - Economic Costs
Your equation will give an infinite score to a policy which could avert 1 gram of CO2 for zero cost, even if it was totally non-scalable.
Oops, yep, that sure is the better functional representation.
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I think you probably want:
Your equation will give an infinite score to a policy which could avert 1 gram of CO2 for zero cost, even if it was totally non-scalable.
Oops, yep, that sure is the better functional representation.