Why the Social Cost of Carbon is a Dubious Policymaking Tool

Why Should Regular People Care About the Social Cost of Carbon?


This week Rep. Evan Jenkins (R-WV) introduced HR 5668, the "Transparency and Honesty in Energy Regulations Act of 2016," a bill which would "prohibit the Secretary of Energy and the Administrator of the Environmental Protection Agency from taking the social cost of carbon or the social cost of methane into account" when issuing and enforcing government policy. We at IER have written extensively on the issues of the social cost of carbon (and methane), and since these are such technical matters it is important for the public to understand the basic issues.
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