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Unfounded FUND: Yet Another EPA Model Not Ready for the Big Game

Unable to enact cap-and-trade legislation, even when he was supported by filibuster-proof majorities in Congress, President Barack Obama famously claimed, “Cap and trade was just one way of skinning the cat; it was not the only way.”[1] The primary alternative way to skin the cat is regulation by federal agencies, especially by the Environmental Protection Agency (EPA).
Monte Carlo David Anthoff Barack Obama Richard Tol Gerard Roe Marcia Baker

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College of Natural Resources panelists discuss social cost of carbon

College of Natural Resources panelists discuss social cost of carbon Bradley Machado/File The Berkeley Rausser College of Natural Resources held a discussion on the social cost of carbon Wednesday. The social cost of carbon is often utilized in cost-benefit analysis in policymaking. The Berkeley Rausser College of Natural Resources held a discussion Wednesday on the social cost of carbon as part of the Breakthroughs Magazine Virtual Series. Campus professor Maximilian Auffhammer moderated the s...
United States Lisa Rennels David Anthoff Maximilian Auffhammer Berkeley Rausser College Of Natural Resources Berkeley Rausser College

In Calculating the Social Cost of Methane, Equity Matters

Oil and gas production is one of the top sources of methane emissions. (Credit: iStock) What is the cost of 1 ton of a greenhouse gas? When a climate-warming gas such as carbon dioxide or methane is emitted into the atmosphere, its impacts may be felt years and even decades into the future – in the form of rising sea levels, changes in agricultural productivity, or more extreme weather events, such as droughts, floods, and heat waves. Those impacts are quantified in a metric called the “soc...
United States Department Of Energy District Of Columbia White House William Collins Klaus Keller

How to calculate the social cost of carbon? Researchers offer roadmap in new analysis

 E-Mail The Biden administration is revising the social cost of carbon (SCC), a decade-old cost-benefit metric used to inform climate policy by placing a monetary value on the impact of climate change. In a newly published analysis in the journal Nature, a team of researchers lists a series of measures the administration should consider in recalculating the SCC. "President Biden signed a Day One executive order to create an interim SCC within a month and setting up a process to produce a fin...
United States London School David Anthoff Gernot Wagner Yale University Interagency Working Group

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