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EPA Quietly Quadruples Regulatory Cost of Carbon Emissions in New War on Fossil Fuels

The so-called Social Cost of Carbon was first set in 2009 under then-President Obama.

Under Democrats it has been set for most of the last decade at $51 per metric ton. But in a rulemaking notice in mid-November, EPA said it had devised a new calculation that raises that damage estimate to $190 per metric ton by 2022 standards and as much as $410 by the year 2080. If enacted, it could affect costs in many areas of the economy.

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