An American child born in 2024, will face between $500,000 and $1 million in increased cost of living and reduced income during their lifetime.
The Biden administration sets the social cost of carbon at $51 per ton of CO2 emitted today, a stark increase from the previous $5 per ton estimate during the Trump era.
Science-based estimates suggest a social cost of carbon of $185 per ton, significantly higher than both the Biden administration's figure and the previous Trump-era estimate.
#social-cost-of-carbon #climate-change #economic-consequences #consumer-reports #biden-administration
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