Wednesday, May 12, 2021 The Office of Management and Budget (OMB) announced that it will solicit public comments on the interim social cost of carbon (SCC) metrics released in February by the Interagency Working Group on the Social Cost of Greenhouse Gases (IWG). Key Take-Aways and Actions The Social Cost of Greenhouse Gases and specifically the SCC is a key metric used by the U.S. Environmental Protection Agency (EPA) and other agencies to place a monetary value on greenhouse gas (GHG) emissions and reductions during rulemaking and permitting actions. The Biden Administration previously announced that it would restore the use of the SCC metrics and undertake a process to reevaluate the values and uses of the metrics in agency decision-making processes.