Bloomberg: "Biden Climate Rules Move Ahead Amid Wait for Final Carbon Metric"
This article references RFF research and expertise about the social cost of carbon in an article about the fate of this important climate metric.
Resources for the Future concluded in September after a multiyear study that the $51 a ton cost should be more than three and a half times higher at $185 per ton—drawing on recent scientific and economic literature showing earlier estimates vastly underestimate the harm of each additional ton of carbon dioxide released into the atmosphere...
And the rulemakings moving ahead thus far have been “relatively minor,” according to Brian Prest, director of RFF’s Social Cost of Carbon Initiative.
“Maybe they’re considered large impacts to the affected industries, and so they’re going to raise a ruckus about it,” said Prest, who noted that only revised tailpipe emission standards would be considered a significant regulation.
Journal Article — Sep 1, 2022
Comprehensive Evidence Implies a Higher Social Cost of CO₂
A multi-year study of the social cost of carbon, a critical input for climate policy analysis, finds that every additional ton of carbon dioxide emitted into the atmosphere costs society $185—far higher than the current federal estimate of $51 per ton.
Media Highlight — Nov 17, 2022
Bloomberg: "'No Brainer' Methane Rule Touts New EPA Approach to Carbon Costs"
This article, which cites RFF research and Fellow Brian Prest's expertise, discusses the EPA's recently proposed methane rule and the newly estimated social cost of carbon that it uses.
Common Resources — Nov 15, 2022
The US Environmental Protection Agency Introduces a New Social Cost of Carbon for Public Comment
The US Environmental Protection Agency has introduced an updated approach to estimating the social cost of carbon that incorporates important scientific and statistical advances.