, Columnist
Biden Climate Regulation Is About to Get Tougher
By preparing to raise a key metric called the “social cost of carbon,” the president signaled that more stringent emissions rules are just around the corner.
Socially costly.
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It’s the most important number you’ve never heard of, and President Joe Biden is about to change it as he resets U.S. environmental policy.
It’s the social cost of carbon, a figure that helps determine the stringency of federal regulations governing cars, trucks, power plants, refrigerators, microwave ovens, washing machines, vending machines and much more.