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Economist Urges DOI To Rethink Climate Cost Of Coal Leases

Law360 (August 7, 2018, 10:03 PM EDT) -- American economist Michael Greenstone has told a Montana federal court that advances in climate change science justify requiring a more thoughtful assessment from the U.S. Department of the Interior than it used in making its decision to lift a moratorium on federal coal leasing, pointing to the social costs of carbon and other greenhouse gases.

Greenstone, who is the Milton Friedman Professor in Economics at the University of Chicago and former co-head of a federal interagency working group under former President Barack Obama that developed a "social cost of carbon"...
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