; (14) the term greenhouse gas emissions means the emissions of greenhouse gas, expressed in terms of metric tons of carbon dioxide equivalent; (15) the term physical risks has meaning given the term in section 13(s) of the Securities Exchange Act of 1934; (16) the term social cost of carbon means the monetized present value, discounted at a 3 percent or lower discount rate, in dollars, per metric ton of carbon dioxide (or carbon dioxide equivalent), of the net global costs over 300 years caused by the emission of carbon dioxide (or carbon dioxide equivalent, as applicable) that result from— (A) changes in net agricultural productivity; (B) decreases in capital and labor productivity; (C) effects on human health; (D) property damage from increased sea-level rise, flooding, wildfires, and frequency and severity of extreme weather events; (E) the value of ecosystem services; and (F) any other type of economic, social, political, or natural disruption; (17) the term transition risks has meaning given the term in section 13(s) of the Securities Exchange Act of 1934; (18) the term value chain — (A) means the total lifecycle of a product or service, both before and after production of the product or service, as applicable; and (B) may include the sourcing of materials, production, and disposal with respect to the product or service described in subparagraph (A); and (19) the term well below 1.5 degrees scenario means a widely recognized, publicly available analysis scenario in which human interventions to combat global climate change are likely to prevent the global average temperature from reaching 1.5 degrees Celsius above pre-industrial levels. 3. Sense of Congress It is the sense of Congress that— (1) continued inaction in addressing climate change poses a significant and increasing threat to the growth and stability of the economy of the United States