Why ‘Social Cost of Carbon’ Is Most Useless Number You’ve Never Heard Of

On his very first day in office, President Joe Biden issued an executive order resurrecting the Obama-era social cost of carbon, intended to quantify the economic impact of climate change.  The administration on Feb. 26 issued an interim estimate reporting that these damages are approximately $51 per metric ton of carbon dioxide emissions. Dubbed by … Continue reading Why ‘Social Cost of Carbon’ Is Most Useless Number You’ve Never Heard Of