‘Social Cost of Carbon’ Raises NRECA Concerns
The National Rural Electric Cooperative Association (NRECA) recently reported to the Obama administration about the potential costs of federal regulations based partly on the social cost of carbon. Speaking out strongly against this idea, the NRECA pointed out that “the federal government would best serve the energy-consuming public by excluding an arbitrary ‘social cost of carbon,’ or the estimated benefits of reducing carbon dioxide emissions.” The concerns are that a social cost of carbon cannot be measured accurately, and including such a cost would cause uncertainty in whether a resulting cost is justified or arbitrary. The NRECA submitted its full comments on the matter to the White House Office of Management and Budget on February 26. For more information, click here.
