Academics Urge Biden To Tie SCC Update To Broader Cost-Benefit Fixes

February 10, 2021
Legal and economic experts are urging the Biden administration to couple its year-long process to bolster the federal government’s approach to the social cost of carbon (SCC) climate damages metric with a broader overhaul of cost-benefit review procedures, arguing such an approach could shield any changes from legal challenges. The two processes, kick-started by a pair of Jan. 20 executive orders (EOs) by President Joe Biden, should be coordinated so that economic and scientific updates to the SCC are aligned...

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