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.
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.
Media Highlight — Nov 17, 2022
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.
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.