New report raises social cost of carbon estimates, surpassing previous estimates by more than 250%. On December 2, 2023, the US Environmental Protection Agency (EPA).
Economic estimation of Bitcoin mining s climate damages inferse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inferse.com Daily Mail and Mail on Sunday newspapers.
Economic estimation of Bitcoin mining s climate damages inferse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inferse.com Daily Mail and Mail on Sunday newspapers.
[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