Banning the use of climate damage costs in federal energy regulations.
This bill prohibits federal agencies from using estimates of the 'social cost of carbon' and other greenhouse gases (like methane) when justifying new rules, conducting cost-benefit analyses, or taking regulatory actions. This means agencies will be restricted in fully accounting for the long-term economic damage caused by climate change when setting energy and environmental regulations. The change could potentially lower regulatory costs for industry but may weaken the justification for stringent environmental standards aimed at protecting public health.
Key points
Federal agencies are banned from using climate damage cost estimates (like the social cost of carbon) to justify new regulations or guidance.
This change makes it harder to implement strict environmental rules, as the monetary value of long-term climate harm is excluded from required cost-benefit analyses.
Reporting requirement: Agencies must report to Congress how often they have used these climate cost metrics since 2009.
Expired
Citizen Poll