Biden Administration raises social cost of carbon (used in regulatory decisions) from $51/ton to $190/ton - eviltoast
Biden Administration Unleashes Powerful Regulatory Tool Aimed at Climate
www.nytimes.com
Its new estimate of the economic impact of climate change could create the legal justification for aggressive new regulations.

The higher the number, the greater the government’s justification for compelling polluters to reduce the emissions that are dangerously heating the planet. During the Obama administration, White House economists calculated the social cost of carbon at $42 a ton. The Trump administration lowered it to less than $5 a ton. Under President Biden, the cost was returned to Obama levels, adjusted for inflation and set at $51.

The new estimate of the social cost of carbon, making its debut in a legally binding federal regulation, is almost four times that amount: $190 a ton.

  • Followupquestion@lemm.ee
    1·
    1 year ago

    I don’t think of myself as picky, but large panel gaps and cheap materials like on an armrest or the seats themselves just really grate on me. When I bought my last vehicle, I test drove like 15 vehicles, and while I liked the economy of the Prius V, the places they cheaper out (no air vents for rear passengers for instance) stuck out like a sore thumb. Hopefully my next vehicle can be an EV, I just can’t square the circle of trading in a reliable, paid off car for a new EV with a monthly payment.