Biden Officials Issue ‘Interim’ Carbon ‘Costs’ Based On Obama Approach

February 26, 2021
The Biden administration has unveiled its “interim” social cost of carbon (SCC) metric that will be used to calculate the benefits of climate change rules, restoring the Obama-era approach with an upward adjustment for inflation, even as the administration is conducting a broader overhaul of the metric for release in 2022. “This interim step will enable Federal agencies to immediately and more appropriately account for climate impacts in their decision-making, while we continue the process of bringing the best, most...


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