‘One Of The Most Important Numbers That No One Has Ever Heard Of’
A new analysis shared with the Biden administration on behalf of the advocacy group Friends of the Earth highlights concerns about how the U.S. government will calculate the social cost of planet-heating emissions—official figures that can notably impact policy and spending decisions.
The comment (pdf) sent to the Office of Management and Budget—authored by experts at the Applied Economics Clinic (AEC), a Massachusetts-based nonprofit consulting group—comes as the administration seeks input on determining the social cost of greenhouse gases (SC-GHG).
"The social cost of greenhouse gases is one of the most important numbers that no one has ever heard of," said Karen Orenstein, director of the Climate and Energy Program at Friends of the Earth (FOE) U.S., in a statement Tuesday.