“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.”
Click here to read more from Seattle Times.