Your search for social cost of carbon received 337 results.
- Biden Faces Call for Broad SCC Reform to Bolster Value of GHG Policies – …“interim” value for the social cost of carbon used to estimate the benefits of greenhouse gas reduction measures, Richard Revesz, director of the Institute for Policy Integrity at New York University, is urging a broad reform of the SCC and the associated “discount rate” of future impacts in order to…
- February 2021 at Policy Integrity – …Climate-Related Financial Risk Biden Administration Kicks Off Updates to Social Cost of Carbon Hein to Help Lead White House Environmental Office Upcoming Event: Addressing the Social Costs of Driving A New Era for Regulatory Review Commentary: The Past, Present, and Future of U.S. Climate Policy Revesz Participates in Climate Policy…
- Biden Officials Issue ‘Interim’ Carbon ‘Costs’ Based on Obama Approach – Many experts expect the subsequent updates could lead to estimates of climate damages well higher than $100 per ton. “A great deal of research suggests that these interim values are a lower bound for the damages of greenhouse gas emissions. The administration is taking a careful and legally sound approach…
- Biden Administration Restores Obama-Era Carbon Cost Estimate, Plans 2022 Update – …have long used the social cost of carbon in their research, and several states have continued to use the Obama-era estimate in their policymaking. Richard Revesz said whatever comes out of the working group going forward will be reviewed by leading economists and other experts. "It sets forth a blueprint…
- Watch This Number Closely to See How Seriously Biden Will Tackle Climate Pollution – …experts hope Biden’s interim social cost of carbon is just an initial step toward a more aggressive policy next year. “The administration is taking a careful and legally sound approach in providing that a rigorous scientific process determine further updates,” said Richard Revesz. “A great deal of research suggests that…
- White House Restores Key Climate Measure Calculating Carbon’s Harm – …calculate and weigh the cost of climate change in its permitting, investment and regulatory decisions with a move to restore the “social cost of greenhouse gases,” which had been slashed under the Trump administration. Richard Revesz, a professor at New York University School of Law, said restoring the previous calculation…
- India Needs a Standard Metric for the Social Cost of GHG – While carrying out the cost-benefit analysis of different options to replace fossil fuels, these damages—also known as “externalities”—are often not taken into account or remain fuzzy. And that is where a tool like the SCC may help. As per the Institute for Policy Integrity, the SCC is “a metric designed…
- The Social Cost of Carbon Gets an Interim Update from the Biden Administration – In the last four years, that highly devalued, flawed SCC number was used in numerous regulatory processes. UCS worked closely with a coalition expertly led by the Institute for Policy Integrity at NYU to file comments in as many of these regulatory dockets as possible, getting on the record each…
- Balance of Power: The Social Cost of Carbon – The cost of greenhouse gas emissions was calculated to be $1 per ton under the Trump administration. The Biden administration is increasing it to $51 per ton. Professor Richard Revesz explains what that could mean in practice and the rationale behind it (at 01:14:52).
- Biden’s Path Forward on the Social Cost of Carbon – …method for calculating the social cost of greenhouse gases, which will be key in evaluating government actions affecting climate change. NYU Law Professor Richard L. Revesz examines the change and says some related actions, including updating the discount rate used to evaluate future consequences, need to happen in the coming…