Despite Trump Bar, OMB Mulls 'Rigorous' Method To Estimate GHG Damages

Despite President Donald Trump's bar on the use of the Obama-era social cost of carbon (SCC) metric to estimate climate damages, the administration is “trying to figure out a good, rigorous technical way” of calculating carbon dioxide damages in rules' cost-benefit analysis, a top regulatory review official says. Jim Laity, chief of the natural resources branch of the White House Office of Information and Regulatory Affairs (OIRA), told a June 14 meeting on future updates to the SCC hosted by...