Your search for social cost of carbon received 118 results.
- The U.S. Government’s Price on Carbon Doesn’t Value the Future Much – As of 2017, the Trump administration’s new discount rate for SCC is between 3% to 7%—up from 2.5% to 5% during the Obama administration. When setting funding priorities and regulatory policy for government agencies, the Office of Management and Budget has been instructed to use the maximum rate of 7%.…
- Trump Administration Lowered Cost of Climate Change, GAO Finds – …administration’s estimate of the social cost of climate change is seven times lower than the amount used during the Obama administration, according to a Tuesday report by the Government Accountability Office. Richard Revesz, Lawrence King professor of law and dean emeritus at NYU School of Law and director of the…
- GAO Finds Trump Administration Devalued Carbon Costs to Roll Back Regulations – Richard Revesz, director of the Institute for Policy Integrity and professor of law and dean emeritus at NYU School of Law, suggested the GAO's findings provide "yet another example of how the administration is ignoring science and economics in its policy decisions."
- The Trump Administration Just Snuck Through Its Most Devious Coal Subsidy Yet – When a cost is placed on CO2 — either explicitly, through a tax or cap-and-trade system, or implicitly, by subsidizing clean competitors — the result is a more effective market, not a “distorted” one. Externalities have been internalized. It is the companies that aren’t being charged for CO2 pollution that…
- How State Power Regulators Are Making Utilities Account for the Costs of Climate Change – …fuels to generate electricity contributes to climate change. This carbon pollution has many negative consequences, both to the physical world and also to global social and economic systems. But utilities don’t always tally the costs of these consequences. Because dealing with climate change is astronomically expensive, we believe that this…
- Trump Put a Low Cost on Carbon Emissions. Here’s Why It Matters. – …officials contend that their carbon approach better reflects the way the government has traditionally done cost-benefit analyses. Critics argue that this approach is inappropriate for global, multigenerational problems like climate change, and that newer research suggests the social cost of carbon may be even higher than the Obama administration estimated.…
- EPA Revises the Social Cost of a Potent Greenhouse Gas – …to calculations for the social cost of greenhouse gases. “They have begun to manipulate those estimates in ways that are not at all consistent with the best science or economics,” he said. A guide on the social cost of greenhouse gases co-authored by Schwartz and published by NYU’s Institute for…
- Trump Administration Drops Social Cost of Carbon from $51 to $1 – …administration has “decimated” the social cost of carbon. The new analysis makes several key changes that Schwartz said are out of step with the thinking of economists. The new value has been narrowed to only consider the domestic impacts of carbon, while the Obama administration’s version also took into account…
- Carbon Calculus: More States Are Adding Carbon Costs to Utility Planning Guidelines – …told Utility Dive the social cost of carbon was used in several of the calculations made by the NYPSC in its Track One Reforming the Energy Vision proceedings. With a social cost of carbon-based adder, “the generators’ bids reflect the external costs they impose on society,” she added. “It is…
- Failure to Set Cost of Carbon Hampers Trump’s Effort to Expand Use of Fossil Fuels – A protracted delay in the Trump administration coming up with its own carbon-cost estimate could empower environmentalists pursuing legal challenges to mining, drilling or pipeline projects, said Richard Revesz, director of the Institute for Policy Integrity at New York University School of Law.