Judge Strikes Down Biden Climate Damage Cost Estimate

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Judge Strikes Down Biden Climate Damage Cost Estimate
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A federal judge on Friday blocked the Biden administration’s attempt to put greater emphasis on the potential damage from greenhouse gas emissions in the federal rulemaking process.

The carbon cost estimate had not yet been used very much under Biden, but is being considered in a pending environmental review of oil and gas lease sales in western states.

“The social cost of carbon guides the stringency of climate policy,” said the University of Chicago professor. “Setting it to near-zero Trump administration levels effectively removes all the teeth from climate regulations.” “Biden’s executive order was an attempt by the government to take over and tax the people based on winners and losers chosen by the government,” the statement said.Federal officials began developing climate damage cost estimates more than a decade ago after environmentalists successfully sued the government for not taking greenhouse gas emissions into account when setting vehicle mileage standards, said Max Sarinsky, a professor at the New York University School of Law.

A federal judge in Missouri last year had sided with the administration in a similar challenge from another group of Republican states. In that case, the judge said the Republicans lacked standing to bring their lawsuit because they had yet to suffer any harm under Biden’s order.

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