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).
Executive Summary The United States’ recent Nationally Determined Contribution (NDC) submission to the United Nations promises to achieve greenhouse gas reductions of 50-52 percent from 2005 levels by 2030 and establishes a goal of “100 percent carbon pollution-free electricity by 2035.” An analysis of a prominent regulatory proposal indicates that while an aggressive regulatory framework […]