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WA’s first greenhouse-gas-allowance auction raises estimated $300 million

By Isabella Breda

Washington’s first auction of greenhouse-gas pollution allowances raised an estimated $300 million in a closely watched sale as companies, consumers and the Legislature get their first glimpse of the cost of emitting in the state.


Revealed: more than 90% of rainforest carbon offsets by biggest provider are worthless, analysis shows

By Patrick Greenfield

The forest carbon offsets approved by the world’s leading provider and used by Disney, Shell, Gucci and other big corporations are largely worthless and could make global heating worse, according to a new investigation.


New study more than triples estimated costs of climate change damages

By Dana Nuccitelli

A peer-reviewed analysis by two dozen experts more than triples – from $51 per ton of carbon dioxide to $185 per ton – the federal government’s estimate of the “social cost of carbon” (SCC)…


Comprehensive Evidence Implies a Higher Social Cost of CO2

By Kevin Rennert, Frank Errickson and Others

The social cost of carbon dioxide (SC-CO2) measures the monetized value of the damages to society caused by an incremental metric tonne of CO2 emissions and is a key metric informing climate policy. Used by governments and other decision-makers in benefit-cost analysis for over a decade, SC-CO2 estimates draw on climate science, economics, demography, and other disciplines.


Carbon should cost 3.6 times more than US price, study says

By Drew Costley and Others

Each ton of carbon dioxide that exits a smokestack or tailpipe is doing far more damage than what governments take into account, researchers conclude in a scientific paper…


Supreme Court allows Biden climate regulations while fight continues

By Robert Barnes and Anna Phillips

The Supreme Court on Thursday allowed the Biden administration, for now, to use a higher estimate for the societal cost of rising greenhouse gases when federal agencies draft regulations.


When will ‘economic growth’ account for environmental costs?

By David Shearman

Human health and the natural environment are indivisible. A recent article in the journal The Lancet reminds us that “economic decisions on the environment have major impacts on human health, and health and wellness depend on a flourishing environment.”


Biden presses 5th Circuit to uphold key climate metric

By Lesley Clark

The Biden administration and red states are dueling in multiple courts after a federal judge temporarily blocked use of the social cost of carbon.


Biden Administration Sets Interim Greenhouse Pollution Cost Estimates

By Nexus Media

The Biden administration announced it will use Obama-era calculations of the “social cost” of three greenhouse gas pollutants while an interagency working group calculates a more complete estimate, the White House announced Friday. Often described as “the most important number you’ve never heard of,” the “social cost” of greenhouse gasses estimates the harms to society caused by each ton of carbon dioxide, methane, and nitrous oxide emitted into the atmosphere. Those estimates are used across government in calculating the costs and benefits of proposed actions. Though the administration did not specify the exact costs, multiple outlets report the interim estimate of the social cost of carbon will be approximately $51 per ton.


As climate change costs mount, Biden seeks to price damages

By Matthew Brown

In the coal fields of eastern Montana, climate change is forcing a stark choice: halt mining that helped build everything from schools to senior centers or risk astronomical future damage as fossil fuel emissions warm the planet and increase disasters, crop losses and premature deaths.