Administration Faces New Calls To Use Carbon 'Cost' In Coal Royalty Rates

The Obama administration is facing new calls from economists and others to use the social cost of carbon (SCC) -- a measure of the damages associated with an incremental increase in carbon dioxide emissions -- in any new plan overhauling federal coal royalty rates after a just-issued White House report declined to do so. Several economists told White House officials at a June 22 event hosted by Resources for the Future (RFF) that they should use the SCC to determine...