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"...climate move that nobody noticed"
The Obama administration just made a fairly significant move on climate change, and it flew right under the radar.
How much damage does a ton of carbon emissions do? That dollar figure is known as the “social cost of carbon” and it is, as economist Frank Ackerman put it a few yeas ago, “the most important number you’ve never heard of.” The OMB runs cost-benefit analysis on every big regulation that issues from the executive branch...
One thing Obama doesn’t get enough credit for is the Interagency Working Group on Social Cost of Carbon, which his administration convened to establish a social cost of carbon that OMB and other agencies can use in assessing carbon-related regulations. The federal government just bumped up the cost of carbon by 60 percent. This will, all things being equal, increase by 60 percent the amount of carbon mitigation that can be economically justified..."
How much damage does a ton of carbon emissions do? That dollar figure is known as the “social cost of carbon” and it is, as economist Frank Ackerman put it a few yeas ago, “the most important number you’ve never heard of.” The OMB runs cost-benefit analysis on every big regulation that issues from the executive branch...
One thing Obama doesn’t get enough credit for is the Interagency Working Group on Social Cost of Carbon, which his administration convened to establish a social cost of carbon that OMB and other agencies can use in assessing carbon-related regulations. The federal government just bumped up the cost of carbon by 60 percent. This will, all things being equal, increase by 60 percent the amount of carbon mitigation that can be economically justified..."
http://grist.org/climate-energy/the-obama-climate-move-that-nobody-noticed/?utm_campaign=weekly&utm_medium=email&utm_source=newsletter&sub_email=lynda.markison@juno.com