Biden administration misses deadline to update carbon cost as battle begins over its calculation

Published February 24, 2021 11:30am ET



The Biden administration has missed its self-imposed deadline to publish updated values used to assess the costs and benefits of combating climate change that will be critical to help it justify stricter greenhouse gas mandates.

The lapsed deadline comes as prominent economists have questioned the so-called “social cost of carbon” metric, sharply criticizing the Obama administration’s value as too low to prompt the types of policies needed to curb climate change in line with the Paris climate agreement.

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