Governors' Wind Energy Coalition
Biden raises key metric for greenhouse gases
Source: By Jean Chemnick, E&E News reporter • Posted: Monday, March 1, 2021
President Biden addresses the nation Saturday from the White House. His administration dramatically increased the social cost of carbon compared to its diminished value under President Trump. Sam Corum – Pool via CNP/Newscom
Contributing to climate change is once again expensive — at least in the eyes of the federal government.
That’s after the Biden administration on Friday raised the social cost of carbon to about $51 per ton. The figure factors into a wide variety of policy decisions including EPA regulations and government spending.