Discounting Away the Social Cost of Carbon: The Fast Lane to Undoing Obama’s Climate Regulations

By David Middleton – Re-Blogged From http://www.WattsUpWithThat.com

Trump to Drop Climate Change From Environmental Reviews, Source Says
March 14, 2017, 1:06 PM CDT
  • Directive to reverse Obama-era mandate for agency actions
  • Clean Power Plan, methane rules and coal halt also addressed

President Donald Trump is set to sign a sweeping directive to dramatically shrink the role climate change plays in decisions across the government, ranging from appliance standards to pipeline approvals, according to a person familiar with the administration’s plan.

The order, which could be signed this week, goes far beyond a targeted assault on Obama-era measures blocking coal leasing and throttling greenhouse gas emissions from power plants that has been discussed for weeks. Some of the changes could happen immediately; others could take years to implement.

It aims to reverse President Barack Obama’s broad approach for addressing climate change. One Obama-era policy instructed government agencies to factor climate change into formal environmental reviews, such as that for the Keystone XL pipeline. Trump’s order also will compel a reconsideration of the government’s use of a metricknown as the “social cost of carbon” that reflects the potential economic damage from climate change. It was used by the Obama administration to justify a suite of regulations.

Trump’s Secret Weapon Against Obama’s Climate Plans

Tom Pyle, president of the American Energy Alliance, a conservative, fossil fuel-oriented advocacy group, welcomed Trump’s comprehensive approach, calling it essential to undoing Obama-era climate policies that “permeated the entire administration.”

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Bloomberg

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End the Phony Social Cost of Carbon

By Paul Driessen and Roger Bezdek – Re-Blogged From http://www.WattsUpWithThat.com

The SCC drives war on fossil fuels but relies on faulty analyses that ignore carbon benefits

The Social Cost of Carbon is the foundation for numerous Obama-era energy policies, regulations and programs. Under complex SCC metrics, agencies calculate the “hidden costs” of carbon dioxide emissions associated with fossil fuel use, assigning a dollar value to each ton of CO2 emitted by power plants, factories, homes, vehicles and other sources.

Originally, in 2010, every ton of U.S. emissions averted would prevent about $25 in global societal costs allegedly resulting from dangerous manmade climate change: less coastal flooding and tropical disease, fewer droughts and extreme weather events, for example.

Within three years, regulators increased the SCC to around $40 per ton, the better to justify the Clean Power Plan, Paris climate agreement, and countless actions on electricity generation, drilling, fracking, methane, pipelines, vehicle mileage and appliance efficiency standards, livestock operations, carbon taxes, and wind, solar and biofuel mandates and subsidies.

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