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.
Common Resources — Mar 16, 2023
New from Resources for the Future: The Carbon Scoring Project
Resources for the Future is launching its Carbon Scoring Project, an effort to provide policymakers with quantitative and qualitative climate information about their bills, reported in a standardized and accessible format.
Media Highlight — Feb 14, 2023
E&E News: "EPA Taps Panel to Review Social Cost of Carbon Metrics"
A story about EPA's new draft social cost of greenhouse gases references a recent RFF study that updates the estimate of the social cost of carbon.
Testimony and Public Comments — Feb 13, 2023
Updated Estimates of the Social Cost of Greenhouse Gases for Usage in Regulatory Analysis
To the Environmental Protection Agency on the EPA External Review Draft of Report on the Social Cost of Greenhouse Gases: Estimates Incorporating Recent Scientific Advances.