Trump team's wonky CO2 calculation is a big deal
from E&E News
Folded within the Trump administration's plans to repeal a major Obama-era climate rule is an obscure but highly consequential metric estimating the costs of climate change. The so-called social cost of carbon is a mathematical evaluation of how much the emission of 1 ton of carbon dioxide is likely to cost society through future climate change. It's a little-known value in the public sphere, but one that contains tremendous potential to influence the cost-benefit analyses that help shape environmental policy, and it's long been the subject of controversy. In its proposed repeal of U.S. EPA's Clean Power Plan, the Trump team included a lengthy report that dramatically altered the costs projected by the last administration.
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