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
    1·
    11 months ago

    I think you’re misunderstanding me. I continue to say there are probably good EVs out there, the Bolt isn’t one of them. That’s all I’ve ever said, and people keep interpreting that as an attack on EVs in general. I want an affordable EV with the usable space and interior quality of my 2010 Mazda3. Is that a condemnation of all EVs, and if so, what does that say about EVs?