Raising the Price of Global Warming

Obama tinkered with the way the U.S. calculates the “social costs” of carbon pollution — a change that makes the societal toll of industrial pollutants appear larger, and his own green policies appear to have greater benefits.

Benefit to society from making microwave ovens more efficient

Old total: $740m

New total: $1.2b

Societal cost of estimated pollution from the proposed Keystone XL pipeline

Old: $22b

New: $36b

Benefit to society from automobile fuel-efficiency standards

Old: $177b

New: $280b

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