The Hill: “EPA Lays Groundwork for Stronger Climate Rules”

RFF Fellow Brian Prest offers his thoughts on the US Environmental Protection Agency‘s updated social cost of carbon estimate.

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Dec. 5, 2023

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Brian Prest, an economist with climate think tank Resources for the Future, said that these calculations allow us to measure the benefits of achieving global climate targets.

“On an annualized basis, we’re talking about $5 [trillion] to $6 trillion a year in benefits from achieving those goals,” Prest said 

“That’s from reduced impacts globally from reducing premature mortality due to heat stress for example or avoiding damages to agricultural crops which pushes up food prices,” he added. 

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