In the NewsE&E NewsJanuary 14, 2021

Biden should boost social cost of carbon — research

Two economists from the Climate Impact Lab — Tamma Carleton of the University of California, Santa Barbara, and Michael Greenstone of the University of Chicago — say that the Biden administration should more than double the SCC figure used during the Obama presidency. The higher figure would justify more costly carbon controls under President-elect Joe Biden than were put forward under President Obama.