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October 18, 2017

North America

October 18, 2017

Environmental Markets | Emissions Policy Brief

Trump’s EPA Trashes Global Benefits of Carbon Cuts in Repeal of Obama Climate Rule

Federal Opposition and Growing Uncertainty Push Carbon Policy to State Level


In its proposal to repeal the Clean Power Plan (CPP), the Environmental Protection Agency (EPA) has devalued the social cost of carbon (SCC) and disregarded the global benefits from the CPP. Following President Trump’s executive order rescinding the SCC, this approach could be used to revisit existing environmental rules. Despite the pushback on carbon pricing at the federal level, states are increasingly using the social cost of carbon as a metric to measure and reduce their climate impacts.

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Mentioned Entities

Environmental Protection Agency Federal Energy Regulatory Commission Minnesota Public Utilities Commission New York State Public Service Commission
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