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.
The $190 a ton carbon cost estimate is close to the figure recommended in September by the Resources for the Future think tank following a multi-year study.
“Their report draws very heavily on our work,” Brian Prest, director of RFF’s Social Cost of Carbon Initiative, said in an interview. EPA’s new approach also draws significantly from other recent work, including modeling done by the Climate Impact Lab.
The updated approach “is fully responsive” to various recommendations by the National Academies, and its efforts to make its analysis transparent “represents an important step forward for transparency and open science,” Prest wrote in a Nov. 15 blog post co-authored by RFF fellow Kevin Rennert.
Brian C. Prest
Fellow; Director, Social Cost of Carbon Initiative
Brian Prest is an economist and fellow at Resources for the Future specializing in climate change, oil and gas, and energy economics.
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.
Common Resources — Sep 7, 2023
Fostering a Low-Carbon Future with the Oil and Gas Industry
Covering the value of diverse viewpoints, international cooperation, technology optimism, and decarbonizing the private sector in a discussion with Resources for the Future President and CEO Richard G. Newell on the Real Decarbonization podcast.
Media Highlight — Aug 8, 2023
Washington Post: "Is It Cheaper to Refuel Your EV Battery or Gas Tank? We Did the Math in All 50 States."
A popular article about the monetary and environmental costs of refueling electric and gas-powered vehicles cites RFF research about the social cost of carbon.
Testimony and Public Comments — Aug 8, 2023
Updated Estimates of the Social Cost of Greenhouse Gases for Usage in Regulatory Analysis Related to EPA Emissions Guidelines from Existing Fossil Fuel-Fired Generating Units
This comment to the Environmental Protection Agency provides an overview of the best available science on the social cost of carbon related to the agency's proposed revisions to section 111(d) of the Clean Air Act.