EPA Floats Higher Climate Damage Values In Draft Carbon ‘Cost’ Update

EPA is issuing a 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 curbing emissions. The draft update , floated Nov. 11 alongside EPA’s just-issued supplemental oil and gas methane rule , is separate from an ongoing update to...