Restricting Federal Agencies from Using Social Cost of Greenhouse Gases in Regulations.
This bill prohibits federal agencies from using specific monetary estimates of climate damage (known as the "social cost of greenhouse gases") when justifying new rules, guidance, or agency actions. This change means agencies, such as the EPA, cannot rely on these metrics in cost-benefit analyses, potentially leading to less stringent future environmental regulations concerning emissions. Citizens might experience changes in energy costs and the overall level of environmental protection.
Key points
Federal agencies are banned from considering the calculated monetary value of damages caused by greenhouse gas emissions (like carbon or methane) when creating new rules.
This restriction makes it harder for agencies to justify strict environmental regulations aimed at mitigating climate change based on quantified future benefits.
Daily life impact: potentially lower compliance costs for energy industries, but also reduced emphasis on long-term climate protection in regulatory decisions.
Expired
Citizen Poll