EPA External Review Draft of “Report on the Social Cost of Greenhouse Gases: Estimates Incorporating Recent Scientific Advances”
(Washington, November 11, 2022) -- In the regulatory impact analysis of EPA’s November 2022 Supplemental Notice of Proposed Rulemaking, “Standards of Performance for New, Reconstructed, and Modified Sources and Emissions Guidelines for Existing Sources: Oil and Natural Gas Sector Climate Review,” in addition to using the current Social Cost of Greenhouse Gas Interagency Working Group’s (IWG) recommended interim values for the social cost of greenhouse gases (SC-GHG), EPA has included a sensitivity analysis of the climate benefits of the proposed rule using a new set of SC-GHG estimates. These estimates incorporate recent research addressing recommendations of the National Academies of Science, Engineering, and Medicine (2017).
EPA is soliciting public comment on the sensitivity analysis and the external review draft of the accompanying technical report, “Report on the Social Cost of Greenhouse Gases: Estimates Incorporating Recent Scientific Advances,” that explains the methodology underlying the new set of SC-GHG estimates, in the docket for the proposed Oil and Gas rule. EPA is also conducting an external peer review of the report.
For more information, click on the topic of interest below:
• Draft Report on the Social Cost of Greenhouse Gases
• Estimation Code and Replication Files
• Submitting Comment on the “Report on the Social Cost of Greenhouse Gases”
• External Peer Review of the “Report on the Social Cost of Greenhouse Gases”