Washington state regulators tell utilities to tally social costs of carbon emissions

“The heftier price on carbon also would be applied, in the planning documents, to natural-gas power plants, and thus make renewables a more attractive option in the years ahead.

The state commission Monday suggested using a federal carbon-price formula developed under the Obama administration to measure the broad social costs of carbon-dioxide emissions.

The federal analysis considers a range of climate-change related costs, such as coping with the sea-level rise and responding to more extreme weather events. In 2020, that cost is assessed at $42 per metric ton, and escalates to $60 per metric ton by 2040 as the effects of climate change intensify.”

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