December 8, 2014

Former Obama Advisers Seek to Open and Globalize the Measures for the Social Costs of Carbon ($)

Nicholas Institute for Environmental Policy Solutions

ClimateWire reports that several former advisers to the Obama administration, including Nicholas Institute faculty fellow William Pizer, are recommending that the government change the way it establishes the social cost of carbon (SCC). The article references a Science article of which Pizer was lead author. Pizer and his coauthors recommend that the process of determining the SCC should undergo a public comment period and a review by the National Academy of Sciences. "It creates a little bit of a check on the government to somewhat limit the potential for politics to intervene in the process," Pizer said in an interview, noting that the scientific review could encourage administration officials to carefully deliberate the estimate.

Read the Full Article