The Most Important Number You’ve Never Heard of, Revisited

The Biden Administration is slated to make a “final” update to the federal social cost of carbon (SCC) by January 2022. In this talk, Kelleher will explain the SCC concept and its contested history in recent US politics. He will then explain the key features of the Biden administration’s final update, the rationale behind any major changes, and what the final numbers mean (and don’t mean) for near-term federal climate change policy in the United States.