Feds urged to be transparent on carbon price tag calculations

09/11/2013 | FuelFix.com

The Obama administration should withdraw its new estimate for the "social cost of carbon," which plays a crucial role in proposed emissions-reduction regulations for power plants, the American Petroleum Institute and other trade groups said. Prices were adjusted to $38 per ton in 2015 compared with $23.80 per ton in 2010, but the computations were done privately, the group said. "We ought to have a lot of transparency in the process because it will potentially impact every rule making that comes down the road that deals with energy," said Jack Gerard, API's president and CEO.

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