EPA Makes Early Use Of Interim SCC Tool To Tally CSAPR’s Climate Gains

EPA is using the Biden administration’s revised social cost of carbon (SCC) tool to project the climate-related co-benefits of its just-finalized “update” to a cross-state trading program to cut ozone-forming emissions, marking one of the first times the administration has employed its new carbon damages metric. Overall, EPA’s March 15 regulatory impact analysis (RIA) for its final update to the Cross-State Air Pollution Rule (CSAPR) estimates that states’ implementation of the measure will result in relatively modest reductions in carbon...