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Posted Mon Jul 28 2014: from Climate Central:
Court Ruling May Reverberate on 'Social Cost' of Carbon
Greenhouse gas emissions from burning and extracting coal, oil and natural gas drive climate change, and as communities feel the effects of a warming world -- rising seas, burning forests and withering crops -- communities' pocketbooks take a hit, too. That's called the social cost of carbon. And if a recent federal court decision stands, the U.S. government may have to calculate those climate-related costs from any new fossil fuels development on public lands before a new project can be approved.
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