In the NewsPoliticoFebruary 26, 2021

Biden hikes cost of carbon, easing path for new climate rules

“This is to be celebrated for getting the social cost of carbon out from being a political football, which is what Trump did, but it’s Step One. Step Two is restore a transparent process and to return the social cost of carbon to the frontier of climate science and economics," said Michael Greenstone, a University of Chicago economist who played a primary role developing the Obama-era social cost of carbon. “I view this whole thing as a reset and now they will go out and engage.”