Biden Is Hiking the Cost of Carbon. It Will Change How the US Tackles Global Warming.
The Washington Post quotes Kevin Rennert, director of RFF's Social Cost of Carbon Initiative, in a story about the new interim value for the social cost of carbon.
"In December, for example, New York state adopted a 'value of carbon guidance' ranging between $79 and $125 that it will apply to policies and programs going forward. Colorado, Minnesota and Virginia require regulators to factor in the cost of climate damages when evaluating new power generation applications, and Illinois and Maine also incorporate this into their electricity sector policies.
'They certainly have swayed the decisions these states are making,' said Kevin Rennert, who directs Resources for the Future’s Social Cost of Carbon Initiative."
