$51 / ton: Biden Restores the Obama “Social Cost of Carbon”

President Biden has raised the social cost of carbon from Trump’s $8 / ton to the Obama level of $51 / ton. But the real sting is the price tag to be applied to methane ($1500 / ton) and nitrous oxide from fertiliser ($18,000 / ton). And the price may rise – this price rise is seen as an interim measure.

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