Back in January, President Barack Obama proclaimed in his State of the Union speech that if Congress did not act on climate change, his administration...
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The new cost of carbon figure is a welcome step forward, reflecting the latest versions of the underlying models. The bad news is that the increased number also shows that our lack of a comprehensive climate policy is becoming ever more costly.
Unfortunately, the economics of estimating how much climate policy might cost households has almost as many variables and feedback loops as climate science.
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