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.
Media Highlight — Nov 10, 2022
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.
Media Highlight — Oct 20, 2022
TIME: "It's Crucial for the US to Figure out How Much Carbon Emissions Are Costing All of Us"
A story about the nuances of the social cost of carbon quotes Brian Prest, RFF fellow and director of RFF's Social Cost of Carbon Initiative.