Much-Debated Climate Metric Gets Immediate Use Under Biden

A piece in Bloomberg Law draws on insights from RFF President Richard Newell regarding the future of the social cost of carbon metric.

View on Bloomberg Law website

Date

March 16, 2021

News Type

Media Highlight

Source

Bloomberg Law

"Another benefit to moving quickly is that the clock is already ticking on President Joe Biden’s term, and there’s no guarantee that agencies could finalize their rules before 2024, said Richard Newell, who co-chaired a 2017 National Academy of Sciences study that the Biden administration is using to develop the social cost of carbon.

'It takes time to develop regulations,' said Newell, now president of the think tank Resources for the Future.

Agencies could move now by doing sensitivity analyses that account for a range of variables, Newell said."

Topics

Social Cost of Carbon

Related People

Richard G. Newell

President and CEO, Resources for the Future

Dr. Richard G. Newell is the President and CEO of Resources for the Future. From 2009 to 2011, he served as the administrator of the US Energy Information Administration, the agency responsible for official US government energy statistics and analysis.

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