White House Office of Management and Budget
[InsideEPA.com, sub. req'd] The White House Office of Management and Budget (OMB) is poised to formally seek comment on the administration’s revised estimates of the “social cost of carbon,” (SCC) the controversial measure of the cost of carbon emissions and the benefits of reducing them, which EPA and other agencies are using to justify regulations.
OMB is slated to publish a notice in the Federal Register Nov. 26 formally opening a 60-day public comment docket for its revised SCC estimates. “The May 2013 estimates reflect values that are similar to those used by other governments, international institutions, and major corporations,” the notice says.
It adds that the revisions, contained in a technical support document, were “based on the best available scientific information on the impacts of climate change. We will continue to refine the SCC estimates to ensure that agencies are appropriately measuring the [SCC] as they evaluate the costs and benefits of rules.”
The Office of Management and Budget (OMB) requests comments on the Technical Support Document entitled Technical Update of the Social Cost of Carbon for
Regulatory Impact Analysis Under Executive Order 12866, available at: http://www.whitehouse.gov/sites/de fault/files/omb/assets/inforeg/technical-update-social-cost-of-carbon-for-regulator-impact-analysis.pdf . The Social Cost of Carbon (SCC) is used to estimate the value to society of marginal reductions in carbon emissions. This Technical Support Document explains the derivation of the SCC estimates using three peer reviewed integrated assessment models
and provides updated values of the SCC that reflect minor technical corrections to the estimates released in May of this year.
OMB requests that comments be submitted electronically to OMB by [insert date 60 days from publication] through http://www.regulations.gov.
Submit comments by one of the following methods:
•www.regulations.gov : Direct comments to Docket ID OMB- OMB-2013-0007
•Fax: (202) 395–7285
•Mail: Office of Information and Regulatory Affairs, Office of Management and Budget, Attn: Mabel Echols, NEOB, Room 10202, 725 17th Street, N.W., Washington, DC 20503. To ensure that your comments are received, we recommend that comments be electronically submitted.