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Foes of Obama climate policy prepare battle over cost of carbon

2013-08-21 00:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Three months ago, the Obama administration made a little-noticed but potentially pivotal move in the stepped-up fight against climate change: it boosted the U.S. government's official estimate of the future economic damage caused by carbon pollution. After its first review, a panel of technical experts from 11 government agencies raised the so-called "social cost of carbon," known as SCC. The measure is used by many arms of the U.S. government to determine the financial benefits of new regulations...

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