The Biden Administration announced Friday that it will temporarily return to a 2016 level for calculating benefits and costs to the climate when it makes regulatory decisions.
A blog post on the White House’s website says that it is replacing the prior administration’s estimates for the “social cost of greenhouse gases” with those developed “prior to 2017.” During that time, the Obama administration determined that the social cost of carbon is $50 per metric ton. The Trump administration later valued it at $7 per metric ton.
Cornerstone’s air emission experts can help you recalculate the cost-benefit analyses of your facility’s discharge. Contact us at info@corner-enviro for more information.
Read the
full White House blog post here.