Wednesday, February 23rd 2022, 2:13 pm
Economists say the costs of climate change are growing as global warming happens more quickly than expected and its impacts become better understood -- from crop losses due to drought, to lessened worker productivity because of the heat.
The Biden administration wants to put a price tag on those damages to justify its climate policies.
Republicans and business groups say the emphasis on future climate damages will hobble the economy, especially the energy industry.
A Louisiana federal judge has blocked the administration from using an interim cost estimate of $51 in damages per ton of greenhouse gas emitted.
Administration officials say that could delay dozens of pending rules and are appealing.
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