By The President has slashed the value of an economic tool called social cost of carbon, which puts a dollar value on each ton of greenhouse gas emitted, from $51 to $1.
He’s done that, reports SNL, by considering only domestic (not global) costs associated with CO2, and also downplaying the impact of carbon on the future economy.
As explained, cutting the price makes climate rollbacks planned by Trump appear financially more favorable—and clean energy a far, far harder sell.
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