US lowers social cost of carbon from $51 to $1
The social cost of carbon dioxide, a measure of the environmental impact of one tonne of CO2 emissions in terms of future financial costs, has been lowered by the US Environmental Protection Agency from $51 to $1. The pricing is used by federal agencies to assess the climate impact of regulation. The downgrade comes as part of the agency’s attempt to repeal President Obama’s Clean Power Plan. Some critics have claimed the new value overlooks the cost to future generations and restricts the scope of damages assessed. Other analysts have argued the previous estimate was too high.









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