Administration Pledges To Seek NAS Input On Future Carbon 'Cost' Updates

The Obama administration is planning to seek input from the National Academies of Science (NAS) on future updates to its controversial social cost of carbon (SCC) figures used to calculate the benefits of reducing carbon dioxide (CO2) emissions, pledging an open process on any revisions that reflects “the best available science and economics.” Despite its plans to seek scientific review for potential updates, the administration in a July 2 formal response to comments on a 2013 update to the SCC...