On January 27, 2021, President Biden issued a Memorandum directing Federal agencies to make decisions guided by the best available science and data. Today, we are taking an important early step in bringing evidence-based principles back into the process of estimating the benefits of reducing climate pollution.
The evidence is clear that climate change is real and is already having economic consequences. The 2018 National Climate Assessment underscored the fact that climate change presents growing challenges to human health, safety, quality of life, and economic growth. We can see economic costs associated with climate change in more frequent and/or intense extreme weather events like wildfires, severe storms, and flooding, as well as the ways climate change disproportionately impacts the most vulnerable in society, particularly lower-income communities, communities of color, and Tribal communities. As decision-makers develop policies, they must incorporate the very real costs of climate change to current and future generations into their decisions.
Read more:https://www.cbsnews.com/news/carbon-social-cost-raised-by-biden/