Justices won’t block Biden policy on ‘social cost of carbon’
2 years, 6 months ago

Justices won’t block Biden policy on ‘social cost of carbon’

Associated Press  

WASHINGTON — The Supreme Court on Thursday allowed the Biden administration to use a higher estimate, challenged by Republican-led states, for calculating damages to people and the environment from greenhouse gas emissions. The justices did not comment in refusing to put back in place an order from a federal judge in Louisiana that had blocked the administration from putting greater emphasis on potential damage from greenhouse gas emissions when creating rules for polluting industries. The approach uses the “social cost of carbon” to calculate future climate damages to justify tougher restrictions for fossil fuels, transportation and other industries. The justices’ refusal to do so allows the administration to use an interim standard of $51 in damages per ton of carbon dioxide emitted while it works to update and possibly increase the cost per ton.

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History of this topic

Supreme Court lets Biden’s power plant climate rule take effect
2 months, 1 week ago

Supreme Court lets Biden’s power plant climate rule take effect

Politico  

The Supreme Court’s decision elevates the issue of climate change just weeks before the presidential election. “We will continue to fight through the merits phase and prove this rule strips the states of important discretion while forcing plants to use technologies that don’t work in the real world.” Alex Bond, the executive director for clean energy and environment at the …

'Social Cost' of Carbon Pollution Four Times Higher than Recently Estimated, Shows Study
2 years, 3 months ago

'Social Cost' of Carbon Pollution Four Times Higher than Recently Estimated, Shows Study

News 18  

The cost inflicted on the world by carbon pollution may be nearly four times higher than recent estimates, a study said Thursday, highlighting how much climate action could save this and future generations. Lead author Kevin Rennert, from the Washington-based research centre Resources for the Future, said the study represented a “complete overhaul” of the US government’s current carbon cost …

Carbon should cost 3.6 times more than US price, study says
2 years, 3 months ago

Carbon should cost 3.6 times more than US price, study says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Our results suggest that we …

Carbon should cost 3.6 times more than US price, study says
2 years, 3 months ago

Carbon should cost 3.6 times more than US price, study says

Associated Press  

Each ton of carbon dioxide that exits a smokestack or tailpipe is doing far more damage than what governments take into account, researchers conclude in a scientific paper published Thursday. “Our results suggest that we are vastly underestimating the harm from each additional ton of carbon dioxide in the atmosphere,” said Kevin Rennert, a study author and director of the …

Editorial: The Supreme Court just made it harder to save the planet
2 years, 5 months ago

Editorial: The Supreme Court just made it harder to save the planet

LA Times  

At a moment when the world should be racing to prevent the worst effects of global warming, the Supreme Court just made it harder for the U.S. to cut carbon emissions from power plants quickly and cost-effectively. To be clear, the ruling didn’t remove the EPA’s authority to cut carbon emissions from individual power plants, which are responsible for about …

EXPLAINER: Can climate change be solved by pricing carbon?
2 years, 8 months ago

EXPLAINER: Can climate change be solved by pricing carbon?

Associated Press  

— As climate change bakes the planet, dozens of nations and many local governments are putting a price tag on greenhouse gas emissions that are increasing flooding, droughts and other costly catastrophes. Pennsylvania on Saturday becomes the first major fossil fuel-producing state in the U.S. to adopt a carbon pricing policy to address climate change. President Joe Biden is attempting …

Biden halts oil, gas leases amid legal fight on climate cost
2 years, 10 months ago

Biden halts oil, gas leases amid legal fight on climate cost

Associated Press  

WASHINGTON — The Biden administration is delaying decisions on new oil and gas drilling on federal land and other energy-related actions after a federal court blocked the way officials were calculating the real-world costs of climate change. Changing the value of key parameters such as the social cost of greenhouse gases would require agencies to “re-run numerical models and simulations …

Biden halts oil, gas leases amid legal fight on climate cost
2 years, 10 months ago

Biden halts oil, gas leases amid legal fight on climate cost

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The ruling also will delay plans to restrict …

US judge strikes down Biden climate damage cost estimate
2 years, 10 months ago

US judge strikes down Biden climate damage cost estimate

Associated Press  

WASHINGTON — A federal judge on Friday blocked the Biden administration’s attempt to put greater emphasis on potential damage from greenhouse gas emissions when creating rules for polluting industries. U.S. District Judge James Cain of the Western District of Louisiana sided with Republican attorneys general from energy producing states who said the administration’s action to raise the cost estimate of …

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