The New York Times discusses a GAO report – Trump Boosts Deregulation by Undervaluing Cost of Climate Change. The Government Accountability Office has found that the Trump administration is undervaluing the cost of climate change to boost its deregulatory efforts.
A federal report released on Tuesday found the Trump administration set a rock-bottom price on the damages done by greenhouse gas emissions, enabling the government to justify the costs of repealing or weakening dozens of climate change regulations.
The report by the Government Accountability Office, Congress’s nonpartisan investigative arm, said the Trump administration estimated the harm that global warming will cause future generations to be seven times lower than previous federal estimates. Reducing that metric, known as the “social cost of carbon,” has helped the administration massage cost-benefit analyses, particularly for rules that allow power plants and automobiles to emit more planet-warming carbon dioxide.