Biden Administration Can Use Higher Climate-Cost Estimate in Making Policy, Appeals Court Rules
The Biden administration can move forward on policies that incorporate an increased estimate of the cost of climate change, a panel of judges ruled late Wednesday, reversing a decision by a federal judge last month.
The ruling marks the latest development in the Biden administration’s attempt to adopt a more than sevenfold increase in a metric called the social cost of carbon, which assigns a dollar value to the harm caused by greenhouse-gas emissions.
Photo credit: Illustration: Preston Jessee/WSJ
