Skip to content
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
Insurance Journal - Property Casualty Industry News

Featured Stories

  • Insurify Starts ChatGPT App for Insurance Shopping
  • State Involvement Should Remain Central to AV Regs
  • Articles
  • Jobs
  • Markets

Current Magazine

current magazine
  • Read Online
  • Subscribe
  • Login
  • Front Page
    • National
    • International
    • Most Popular
    • Magazine
    • Forums
    • Blogs
    • Videos/Podcasts
    • Newsletters
  • News
    • Most Popular
    • National
    • International
    • East
    • Midwest
    • South Central
    • Southeast
    • West
  • Magazines
  • Research
  • Directories
  • Jobs
  • Features
    • Events
    • Forums
    • Market Directories
    • Quotes
    • Polls
    • Rankings & Awards
    • Insurance Giving Back
  • Subscribe

Biden ‘Social Cost of Carbon’ Climate Risk Measure Upheld by U.S. Appeals Court

October 24, 2022
Email This Subscribe to Newsletter
  • Article

A U.S. appeals court on Friday upheld the “social cost of carbon” calculation used by President Joe Biden’s administration, which sharply boosts the price tag policy makers will put on the environmental impact of greenhouse gas emissions from that used by former President Donald Trump.

The St. Louis, Missouri-based 8th U.S. Circuit Court of Appeals said the plaintiffs, attorneys general from 13 states, including Missouri, Alaska and Montana, cannot rely on “generalized grievances” to challenge the metric absent a specific action taken by a federal agency.

The social cost of carbon metric is used in rulemaking processes and permitting decisions to calculate economic damages associated with a rise in greenhouse gas emissions from burning fossil fuels and other activities. The decision supports the Biden administration’s argument that states cannot sue until federal agencies incorporate the metric into decisions.

The Missouri attorney general’s office and the White House did not immediately respond to requests for comment.

The Democratic Biden administration had determined the cost to be around $51 per metric ton of carbon dioxide emissions, quintuple the roughly $10 figure implemented under Trump, a Republican.

The Republican attorneys general challenged Biden’s February 2021 executive order that restored the approximately $51 per metric ton number set by former President Barack Obama’s administration. The states argued in a lawsuit filed in Missouri federal court last year that the pricing system would lead to regulatory restrictions that would overburden farmers and manufacturers.

An Obama-appointed federal judge dismissed the lawsuit after determining the states lacked standing to sue because they had not been injured.

In response to a similar challenge by a group of seven Republican-led states, a Trump-appointed federal judge in Louisiana said in February the president lacks the authority to unilaterally write policies that fundamentally transform legislative rules or the economy and issued an injunction blocking the metric.

After the 5th U.S. Circuit Court of Appeals reversed that sweeping injunction, the U.S. Supreme Court in May affirmed.

Copyright 2026 Reuters. Click for restrictions.

Topics USA Climate Change

Was this article valuable?

Thank you! Please tell us what we can do to improve this article.

Thank you! % of people found this article valuable. Please tell us what you liked about it.

Here are more articles you may enjoy.

Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles
The $10 Trillion Fight: Modeling a US-China War Over Taiwan
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk

Interested in Climate Change?

Get automatic alerts for this topic.

Email This Subscribe to Newsletter
  • Categories: National NewsTopics: climate, environmental liability, environmental social governance (ESG, greenhouse gas emissions
  • Have a hot lead? Email us at newsdesk@insurancejournal.com
More News
Experian Launches Insurance Marketplace App on ChatGPT
King Risk Acquires Georgia-Based Hanc Group Agency
Kansas Man Sentenced for Insurance Fraud, Forgery
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’
More News Features

Read This Next

  • Biden 'Social Cost of Carbon' Climate Risk Measure Upheld by U.S. Appeals Court
  • WTW Reports Q4 Organic Revenue Growth of 6%; Data Center Clients Boost Business
  • Climate Change and Budget Cuts Fueled South American Blazes
  • Trump's EPA Rollbacks Will Reverberate for 'Decades'
  • Former Pitt Women's Basketball Players' Lawsuit Alleges Abusive Coaching

Insurance Jobs

  • Personal Lines Account Manager – Insurance – REMOTE - Remote
  • Unit Manager, Outside Property - Bloomsburg, PA
  • Legal Administrative Assistant (Remote – Detroit, MI) - Michigan, MI
  • Data Engineer I – BI Data Modernization (AWS, Databricks, Python) - Hartford, CT
  • Financial Analysis Consultant II - Illinois, IL
MyNewMarkets
  • A Risky World
  • Is It Covered?: Does 'Under Construction' Include 'Renovation'?
  • Viewpoint: Inside the Machinery of Medical Abuse in Liability Claims
  • Insurtech Lemonade Starts Autonomous Car Product With Tesla's Data
  • Adjusters Launch 'CarFax for Insurance Claims' to Vet Carriers' Damage Estimates
Claims Journal
  • Stellantis Resurrects Diesel Cars Across Europe Amid EV Retreat
  • Deutsche Bank Settles With Ex-Banker in Monte Paschi Lawsuit
  • Review Shows Diagnosis and Treatment Issues Drive Claims in Cardiology
  • Sources: Palo Alto Didn't Tie China to Hacking Campaign Fearing Retaliation From Beijing
  • Venbrook Group Names Farooq Chief Claims Officer
Academy of Insurance education
  • February 12 Who's Driving This? Where Are We Going with Autonomous Vehicles?
  • February 19 ISO Business Owners Program Changes: What You Need to Know
  • March 5 Parametric Risk Contracts: Not Your Traditional Insurance Product
  • March 19 Customer Support: The Continuum of Service, Satisfaction, and Success

Insurance News

  • News by Region
  • News by Topic
  • Yesterday

Site Search

Features

  • Insurance Markets Directory
  • Forums
  • A.M. Best Company Ratings
  • Industry Events
  • Agencies For Sale
  • Newswire
  • Insurance Jobs
  • Rankings & Awards

Connect with us

  • Email Newsletters
  • Magazine Subscriptions
  • For Your Website
  • RSS Feeds
  • Twitter
  • Facebook
  • LinkedIn
  • Do Not Sell My Info

Insurance Journal

  • Submit News
  • Advertise
  • Subscribe
  • Reprints
  • Link to Us
  • Contact Us

Wells Media Group Network

  • Insurance Journal
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
© 2026 by Wells Media Group, Inc. Privacy Policy | Terms & Conditions | Site Map