The social costs of carbon cancelation

Fearing that incessant warnings about manmade climate cataclysms would not be enough to end US fossil fuel use, the Obama-Biden Administration instructed a special Interagency Working Group to concoct a "social cost of carbon" concept. The SCC would "scientifically" calibrate the dollar value of damages that a ton of carbon dioxide emitted today in America would inflict on the USA and world in the future. The price tag was set at $22/ton in 2010, raised to $36/ton in 2013, and just as arbitrarily increased to $40, before finishing the Obama era at $51/ton. President Trump disbanded the IWG and had the SCC slashed to less than $10/ton. Within hours of taking office, President Biden resurrected the working group, reinstituted $51/ton as a starting point, and directed federal agencies to devise a definitive SCC by 2022.