Ars Technica March 1, 2021
The Biden administration announced it had fulfilled the requirements of one of the executive orders issued on the very first day of his presidency: determining what’s called the “social cost of carbon.” This figure tries to capture the cumulative economic value achieved by investing in limiting carbon emissions now. As such, carbon’s social cost plays a key role in informing the cost/benefit analysis of any government policy or regulation that influences carbon emissions.
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