Little-Noticed Biden Directive Aims to Use Sharply Higher Social Cost of Greenhouse Gas Emissions in Agency Purchasing Decisions

October 9, 2023--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--When the U.S. House of Representatives reconvenes and selects a new leader, members of Congress will begin to engage with the Biden administration on a complex and controversial topic: estimating, and applying, a sharply higher Social Cost of Greenhouse Gas emissions (SC-GHG) to federal agency purchasing decisions. Opponents charge this would be the first step to applying sharply higher SC-GHG fees to industrial projects requiring a federal permit, potentially alerting the cost-benefit calculation, and economic viability, of some projects.