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Biden administration updates social cost of carbon

9 Dec 2022


Amid the flurry of news from the recent UN climate summit COP27, the Biden administration made an overlooked announcement that could help modernize U.S. climate policy.

In trying to assess how much a ton of climate pollution harms society, the U.S. government has long used a metric called the social cost of carbon. That metric places a dollar value on greenhouse gas emissions and enables government decision-makers to weigh the costs and benefits of policies that affect climate pollution.


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