Biden Order Might Spur Carbon Cost Hike, Helping Justify EPA GHG Rules

January 26, 2021
President Joe Biden's recent climate change executive order (EO) is expected to spur a significant increase in the interim social cost of carbon (SCC), the metric used to quantify the benefits of greenhouse gas rules, with key advocates pressing it to be set as high as $125 per ton, up to four times the Obama-era value, which would help EPA and other agencies to justify sweeping new GHG polices. The EO, which Biden issued Jan. 21, is the first in...

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