A return to science: Evidence-based estimates of the benefits of reducing climate pollution
The White House, February 26, 2021
Abstract
This report by the Council of Economic Advisers in the Biden administration announces the rollback of an executive order by the previous administration that had revised estimates of the social cost of greenhouse gases, which is a metric combining climate science and economics to help Federal agencies and the public understand the benefits of reducing greenhouse gas emissions. The rollback restores estimates developed prior to 2017, adjusted for inflation, while a more complete update is prepared by the Interagency Working Group on the Social Cost of Greenhouse Gases following the best climate science and economic research. The report emphasizes the importance of considering global damages, environmental justice, and intergenerational equity in the estimation of the social cost of greenhouse gases. – AI-generated abstract.
