The Federal Transit Administration has nixed counting the social cost of carbon as a factor in its allocation of billions of dollars for local transit projects.
Agency officials since 2013 have determined funding for transit projects under the Capital Investment Grants Program in part by estimating how their effects on carbon dioxide emissions would affect society over the long term. The change will take effect immediately, according to guidance issued Monday that will be officially published in the Federal Register Nov. 12.
The guidance is the latest instance of the Trump administration rolling back efforts to combat climate change ...