In the NewsMarketWatchFebruary 26, 2021

Biden matches Obama’s ‘social cost of carbon’ for now — it’s a figure roughly 50 times greater than Trump’s

President Biden’s climate-change team is temporarily returning to numbers used by the Obama administration to assign monetary value to greenhouse gas emissions. The group indicated in its Friday release that the final values could be higher.
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Updating the United States Government’s Social Cost of Carbon
University of Chicago, Becker Friedman Institute for Economics Working Paper
This paper outlines a two-step process to return the United States government’s Social Cost of Carbon (SCC) to the frontier of economics and climate science.

Published January 14, 2021

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