February 26, 2021 • Blog
On January 27, 2021, President Biden issued a Memorandum directing Federal agencies to make decisions guided by the best available science and data. Today, we are taking an important early step in bringing evidence-based principles back into the process of estimating the benefits of reducing climate pollution.
The evidence is clear that climate change is real and is already having economic consequences. The 2018 National Climate Assessment underscored the fact that climate change presents growing challenges to human health, safety, quality of life, and economic growth. We can see economic costs associated with climate change in more frequent and/or intense extreme weather events like wildfires, severe storms, and flooding, as well as the ways climate change disproportionately impacts the most vulnerable in society, particularly lower-income communities, communities of color, and Tribal communities. As decision-makers develop policies, they m
[co-author: Shawn Whites]
Key Points
President Biden’s Day One Executive Order on climate action reconvenes an interagency working group to establish interim and final social costs of three GHGs: carbon dioxide, nitrous oxide and methane.
The social costs of these GHGs seek to quantify the negative externalities on an annual basis of a ton of these emissions.
The Biden administration will use the updated social cost figures to inform federal regulations and major agency actions and to justify aggressive climate action as the United States evolves toward a “100% clean energy” economy with net-zero GHG emissions.
President Biden’s resurrection of a relatively recondite cross-agency group charged with quantifying the nation’s contribution to climate change the Interagency Working Group on the Social Cost of Greenhouse Gases (GHG) (Working Group) ultimately may have the greatest impact across the federal government as the Biden administration pursues its climate goals. The
The White House
The United States and the world face a profound climate crisis. We have a narrow moment to pursue action at home and abroad in order to avoid the most catastrophic impacts of that crisis and to seize the opportunity that tackling climate change presents. Domestic action must go hand in hand with United States international leadership, aimed at significantly enhancing global action. Together, we must listen to science and meet the moment.
By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows:
The United States and the world face a profound climate crisis. We have a narrow moment to pursue action at home and abroad in order to avoid the most catastrophic impacts of that crisis and to seize the opportunity that tackling climate change presents. Domestic action must go hand in hand with United States international leadership, aimed at significantly enhancing global action. Together, we must listen to science and meet the moment.
By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows:
PART I PUTTING THE CLIMATE CRISIS AT THE CENTER OF UNITED STATES FOREIGN POLICY AND NATIONAL SECURITY
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