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Here’s what you need to know about the social cost of greenhouse gases a key climate metric CNBC 3/9/2021 Catherine Clifford © Provided by CNBC Emissions rise from Duke Energy s Gibson Station power plant in Owensville, Ind. Putting an accurate figure on the cost of greenhouse gasses can have massive consequences on the future of climate change. In order to do this, the new White House administration announced late February it will use the Obama-era estimates for the social cost of greenhouse gasses  after adjusting them for inflation. The social cost of greenhouse gasses was first used by the Bush administration and later standardized by President Barack Obama s White House.

United statesSouth carolinaWhite houseDistrict of columbiaHeather bousheyBarack obama whiteNick lorisGernot wagnerNicholas sternJoseph stiglitzEnvironmental defense fundHeritage foundationEnergy policy instituteBrooks of the environmental defense fundUs council of economic advisersCouncil of economic advisers