To Re: The social cost of greenhouse gases is a well-established tool

The Petition for Rulemaking calls on the Commission to consider the impacts of climate change in its proceedings using the latest estimates of the social cost of greenhouse gases. [...] The Social Cost of Greenhouse Gases Is a Well Established Economic Tool for Valuing the Incremental Impacts of Greenhouse Gas Emissions on Climate Change The social cost of greenhouse gases is a monetary estimate of the damage caused by each ton of greenhouse gases emitted. [...] 2 Petition for Rulemaking, In the Matter of the Petition for Adoption of New Rule I and Declarations Pertaining to the Commission’s Consideration of the Adverse Climate Impacts of Greenhouse Gas Emissions (Feb. [...] The valuation for one ton of carbon dioxide (the most prevalent greenhouse gas) is called the “social cost of carbon.” For methane (another prevalent greenhouse gas), the valuation is called the “social cost of methane.” There are numerous benefits to applying the social cost of greenhouse gases in policy analysis. [...] The Working Group released estimates of the social cost of methane and the social cost of nitrous oxide in 2016.