The legislation would also streamline the regulatory process by standardizing the metric and re-establishing a process to revise it through public consultation. The Carbon Pollution Transparency Act would codify an existing, scientifically-developed value for the cost of climate pollution across all federal agencies. In March 2017, the Trump administration directed federal agencies to ignore the existing metric and instead select their own metrics – uprooting years of progress and economic certainty. The social cost of greenhouse gases was developed through a rigorous process, using the best available economics and science and revised when necessary. Bush administration, the federal government has been required to consider the economic damages that result from climate pollution in the rulemaking process. In addition to Feinstein and Bennet, the bill is cosponsored by Senators Sheldon Whitehouse (D-R.I.), Chris Van Hollen (D-Md.), Ben Cardin (D-Md.), Kamala Harris (D-Calif.), Jeff Merkley (D-Ore.), Ron Wyden (D-Ore.), Tom Carper (D-Del.), Kirsten Gillibrand (D-N.Y.), Mazie Hirono (D-Hawaii), Brian Schatz (D-Hawaii), Tina Smith (D-Minn.), Amy Klobuchar (D-Minn.), Ed Markey (D-Mass.), Martin Heinrich (D-N.M.) , and Catherine Cortez Masto (D-Nev.).īackground on the Carbon Pollution Transparency Act: We need to accurately account for the cost of climate pollution in order to protect Americans, design effective policy, and provide market and regulatory certainty.” “The Trump administration is deliberately ignoring broad scientific consensus and using shady math to weaken climate protections,” Bennet said. “We cannot stand by as this administration tries to upend years of progress and imperils the health of future generations. Following President Trump’s steps to weaken this metric , the Government Accountability Office (GAO) opened an inquiry. The Carbon Pollution Transparency Act counters the Trump administration’s repeated efforts to weaken regulations on climate pollution, including the Clean Power Plan, by using questionable math to obscure the true cost of carbon pollution. The legislation follows the lead of New York, Minnesota, Illinois, and, as of last week, Colorado. The bill was first introduced in the last Congress , and today’s version makes important updates, including requiring all costs of climate change to be considered, adjusting the values for inflation, broadening the group of agencies involved in determining this metric, and requiring impacts in environmental justice communities to be considered. 1745) , legislation to ensure the federal government implements a science-based process to account for the cost of carbon pollution in regulations through a standard metric. Washington – Senators Dianne Feinstein (D-Calif.), Michael Bennet (D-Colo.) and 15 of their collegues reintroduced the Carbon Pollution Transparency Act (S.
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