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On Friday, February 26, the Biden Administration’s newly-resurrected Interagency Working Group on Social Cost of Greenhouse Gases (IWG) announced new values for three specific metrics that seek to monetize the environmental impacts of greenhouse gases: the Social Cost of Carbon, Social Cost of Nitrous Oxide, and Social Cost of Methane. Collectively these are known as the Social Costs of Greenhouse Gases, or SC-GHG.
Using 2020 as a baseline and a 3 percent average discount rate (explained further below), the IWG calculated the Social Cost of Carbon at US$51/metric ton (mt), the Social Cost of Methane at US$1,500/mt, and the Social Cost of Nitrous Oxide at US$18,000/mt. This represents a dramatic reversal in the federal government’s valuation of the impacts of climate change, as under the prior Administration these social costs were set at essentially insignificant levels.
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As the debate began in the United States Senate over the Democrats’ COVID-19 relief bill, Sen. Shelley Moore Capito already has made up her mind. She’s against it.
Capito, R-W.Va. held a virtual press conference with state reporters Thursday from Washington, D.C.
On top of the COVID-19 stimulus package, Capito also discussed the murders in a Clarksburg VA hospital, schools reopening, immigration and President Joe Biden’s nominations of Janet McCabe as deputy director of the Environmental Protection Agency and Brenda Mallory to lead the White House Council on Environmental Quality.
The stimulus package is making headlines, as it passed through the House and has made its way to the Senate, albeit without the $15-an-hour minimum wage request and with a narrowed field of Americans eligible for $1,400 relief checks.
WASHINGTON A killer could have been found sooner had there been security footage at the VA hospital in Clarksburg, a U.S. senator from West Virginia said
Yesterday's hearing on President Biden's nominees to lead the White House Council on Environmental Quality and for EPA deputy administrator offered clues about what worries senators about the new administration's plans and GOP tactics to fight back.