Bloomberg Law
Feb. 20, 2021, 1:15 AM

With One Number, Biden Will Start to Reverse Trump’s Way of Valuing Climate (Correct)

Stephen Lee
Stephen Lee

President Joe Biden has begun reactivating Obama-era approaches for building climate change into federal policy, action that may soon revamp environmental regulation by establishing a much higher dollar value for greenhouse gas emissions in the U.S.

The White House will soon revisit values for the “social cost of carbon,” a figure that has been used to shape dozens of energy-related regulations. The Trump administration disbanded the interagency group responsible for the work and reduced the estimate to a small fraction of conventional values. Biden was widely expected to release an interim social cost estimate on Friday, but the White House instead published a Federal Register ...

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