Despite criticism, the Biden Administration’s drilling approvals have had little impact on current prices.
Despite some scholars’ criticisms, the social cost of carbon is a useful tool for crafting U.S. climate policy.
The Trump Administration’s new social cost of carbon policy muddies the waters.
A Trump Administration proposal that would reduce the social cost of carbon relies on an unjustified discount rate.
Considering only the national impact of emissions would be a harmful, misguided move by the Trump administration.