A federal district court in Louisiana recently issued a preliminary injunction against the Biden administration’s use of its interim estimates for the social cost of carbon (SCC) pollution. The administration issued the interim estimates to implement President Biden’s Executive Order 13990, which directed agencies to estimate the full costs of carbon pollution, “including by taking global damages into account.” The court determined that the directive to focus on global effects contradicts the congressional intent of laws focused on promoting U.S. welfare, such as the Clean Air Act.
We believe U.S. regulators should consider and report estimates of the social cost of carbon, both to the U.S. and globally.
Continue reading the entire piece here at The Hill
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Randall Lutter is a senior fellow at the Manhattan Institute.
John D. Graham is professor and former dean at the School of Public and Environmental Affairs at Indiana University. Art Fraas is visiting fellow at Resources for the Future. Jason Shogren is Stroock Chair of Natural Resource Conservation and Management at the College of Business of the University of Wyoming.
This piece originally appeared in The Hill