The Environmental Protection Agency has proposed a significant increase in the social cost of carbon emissions.
Now the EPA is proposing to go even higher, at $190 per metric ton. Among other effects, raising this cost is likely to raise the prices at the gaspump.was recently issuedThe EPA made the new metric public before a highly anticipated proposal from the IWG, which includes the agency. The working group, which originally planned to release its proposal in April, streamlines the approach to calculating the metric across the federal government.
EPA spokesperson Taylor Gillespie told E&E News that “EPA’s draft technical report is among the many technical inputs available to the IWG as it continues its work.” She referred further questions to the White House Office of Management and Budget, which declined to comment. A Bloomberg Green analysis of more than 215,000 offset transactions in public datasets over the past decade reveals for the first time that dozens of global brands have followed in the footsteps of Credit Suisse. Airlines, online retailers, industrial firms and energy producers now rely heavily on the cheapest and most suspect type of offset — those tied to renewable-energy projects.
For every ton of co2 reduction by the US, China and India pump out 50+ tons. 🙄
The only reason they want this is to cripple this country so (((they))) can snatch it up for pennies on the dollar.
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