Your search for social cost of carbon received 118 results.
- ‘CLEAR Act’ gains attention, good and bad, as climate bills race for finish – The Institute for Policy Integrity at New York University Law School contends in an analysis that the “CLEAR Act” sponsored by Sens. Maria Cantwell (D-Wash.) and Susan Collins (R-Maine) could help businesses diminish greenhouse gas emissions more affordably by establishing a nationwide price on carbon. (Subscription required.)
- A Key Climate Metric Gets an Overdue Update – …this problem by proposing a comprehensive update to the social cost of carbon. Consistent with the scientific and economics literature from independent researchers, the update would raise the metric’s central value from $51 to $190 for each ton of carbon-dioxide emissions in 2020.
- 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…
- Court’s Ruling Against Trump Elevates Debate on Climate Metric – …metric to study the social costs of greenhouse gases, said Jason A. Schwartz, legal director for New York University’s Institute for Policy Integrity. The group filed an amicus brief supporting challenges to the Trump administration’s methane rollback. “No administration can change what the best science or the best economics is…
- Administration panel attaches price tags to carbon emissions (subscription required) – “For all regulations that have an impact on the climate, either good or bad, they’re going to use these numbers to value those effects,” said Michael Livermore, executive director of New York University’s Institute for Policy Integrity, a nonpartisan advocacy organization and think tank. The work group notes, however, that…
- Criticism of EPA’s Economic Analysis Sorely Misplaced – A recent report from the U.S. Government Accountability Office (GAO) suggests that the Environmental Protection Agency (EPA) should improve the way it analyzes regulations. Critics have been quick to trumpet the EPA’s “failure,” but in reality, the EPA deserves an A (or at least an A-).
- FERC’s Carbon Blind Spot – …for the environmental and social cost of carbon emissions. Given FERC’s obsession with promoting economic efficiency, its reluctance to address such a glaring inefficiency is puzzling, Davis Noll and Unel argue. Like others before them, they suggest that an agency-imposed surcharge on the wholesale price of high-carbon energy—a “carbon adder”—could…
- EPA Floats Higher Climate Damage Values In Draft Carbon ‘Cost’ Update – …draft update to the social cost of carbon (SCC) metric that floats significantly higher estimates of the climate-related damage caused by greenhouse gases than the Biden administration’s interim values, as well as a new dynamic approach to setting the “discount rate” used to reduce the value of future benefits from…
- Winners and Losers in the Climate Rule – …EPA’s proposed regulation of carbon emissions from existing power plants? Society at large. As the Regulatory Impact Analysis accompanying EPA’s proposal makes clear, the social benefits of reducing power plants’ emissions greatly outweigh the costs. EPA estimates that total compliance costs will top out at $8.8 billion in 2030 (and…
- 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%.…