In economics, the social cost of carbon is Group of answer choices The present value of the damages caused by emitting CO2 to the atmosphere now, and thus the unfair tax that is placed on fossil fuels by modern governments. The future value of the gains of emitting CO2 to the atmosphere now, and thus the subsidy given now for burning fossil fuels (unless governments place a tax or fee on those fossil fuels). The bad looks you get from your friends if you come to a party with oil stains on your clothes. The tax that governments put on diesel fuel to be used to build roads. The present value of the damages caused by emitting CO2 to the atmosphere now, and thus a form of subsidy given now for burning fossil fuels (unless governments place a tax or fee on those fossil fuels)