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Appeals court revives Biden climate damage cost estimate

Biden Cost of Carbon
Posted at 1:29 PM, Mar 17, 2022

NEW ORLEANS (AP) - An appeals court has revived a Biden administration effort to account for potential damage from greenhouse gas emissions when creating rules for polluting industries.

A Louisiana-based federal judge had blocked the so-called “social cost of carbon" policy.

The Trump appointee said its regulatory burdens would drive up energy prices. But a 5th U.S. Circuit Court of Appeals panel in New Orleans stayed that ruling in a decision dated Wednesday, saying any burdens are speculative.

For now, it means federal regulations can factor in the cost of carbon dioxide emissions at about $51 per ton. Louisiana's attorney general is pursuing another appeal.

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