A U.S. appeals court on Friday upheld the 'social cost of carbon' calculation used by President Joe Biden's administration, which sharply boosts the price tag policy makers will put on the environmental impact of greenhouse gas emissions from that used by former President Donald Trump.
U.S. President Joe Biden delivers remarks on deficit reduction from the Roosevelt Room at the White House in Washington, D.C., U.S., October 21, 2022. REUTERS/Sarah Silbiger
The St. Louis, Missouri-based 8th U.S. Circuit Court of Appeals said the plaintiffs, attorneys general from 13 states, including Missouri, Alaska and Montana, cannot rely on "generalized grievances" to challenge the metric absent a specific action taken by a federal agency. The Democratic Biden administration had determined the cost to be around $51 per metric ton of carbon dioxide emissions, quintuple the roughly $10 figure implemented under Trump, a Republican.
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