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.

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Oct. 20, 2022

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Time Magazine

The number is more important than ever after a Supreme Court ruling June 30, 2022, that curtailed the Environmental Protection Agency’s ability to set emissions caps for power plants. That had been a key driver in cutting emissions over the last decade, says Brian Prest, an economist and fellow at the Washington, D.C.-based nonprofit Resources for the Future. So the social cost of carbon gives the agency a metric for assessing the costs and benefits of new and existing tools it uses to replace what the court struck down, he says.

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