Generate: They’re bringing social back
View on Axios website"The think tank Resources for the Future is launching an initiative to update estimates of the 'social cost of carbon' — a metric policymakers and businesses use to tally the monetary damages of increased emissions. The launch of the multi-year effort arrives roughly two months after a White House executive orderdisbanded an Obama-era interagency group on the issue and withdrew its estimates.
What they're saying: RFF and other critics say President Trump's approach, which instructs agencies to use a more limited methodology from 2003, is too narrow and low-balls the actual impact of emissions.
RFF's new initiative flows from recommendations in an early 2017 National Academy of Sciences report that was co-chaired by RFF president Richard Newell, who yesterday said in a statement that estimates 'should be based on the most up-to-date science and economics, and be totally transparent.'"
