The Obama Administration aggressively used a Social Cost of Carbon (SCC) scheme to justify federal regulations pertaining to carbon-based fuels, carbon dioxide and methane emissions, coal mine and pipeline permit denials, energy development foreign aid, and many other actions.
While “SCC” may sound esoteric or academic, it is a critical concept. Without the artificial and inflated SCC estimates, many recent energy and environmental regulations could not have been justified or promulgated.
As a first priority, the Trump Administration must review, revise, reject or even rescind the SCC, and reduce its values well below what Obama used – perhaps even to zero or negative numbers. Doing so will destroy the justification for many expensive, intrusive, punitive, useless, counterproductive regulations.
The full piece is at Master Resource --