The Use of the Social Cost of Carbon, So Far

Since 2009, the Obama Administration has been using the “social cost of carbon” (SCC) in cost-benefit analyses to justify regulations that reduce the use of energy from oil, coal, and natural gas. For the most part, this calculation has flown under the radar, but that changed in June when the Obama administration dramatically increased their estimate of the SCC.

The Obama Administration’s increase of the social cost of carbon, without public comment or scrutiny, has prompted many to look at how the Administration has used the SCC in the past. As we explain here, so far the SCC has been used in nearly 30 rules and can account for over 20 percent of the alleged benefits from some regulations.

via Institute for Energy Research | The Use of the Social Cost of Carbon, So Far.

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