The Petition for Reconsideration of the final rule of Energy Conservation Standards for Standby Mode and Off Mode for Microwave Ovens, Docket No. EERE-2011-BT-STD-0048, RIN 1904-AC07, 78 FR 36316 (June 17, 2013)(“Microwave Final Rule”) should be granted based upon the inclusion of and reliance on an inadequately updated determination of the social cost of carbon (SCC) — a determination which was not subject to prior public comment and was not a “logical outgrowth” of the 2010 SCC determination. New, relevant, readily available, and influential science on a topic considered to be a “key factor” in the determination of the SCC — the distribution of the estimated value of the equilibrium climate sensitivity (ECS) — was not included in the 2013 SCC update used in the final rulemaking. Had the new science concerning the likely value of the ECS been incorporated in the updated SCC analysis, it is certain that the 2013 determination of the SCC would have been substantially different — a result which may have led to an alternate Rulemaking by the DOE. Thus, the Petition for Reconsideration should be approved and a new DOE analysis be undertaken, one which more critically examines the SCC and how it is determined (including the consideration of public comments). In its current form, the 2013 SCC determination is incomplete and inaccurate and should not be used to justify new rules and regulations including the Microwave Final Rule.
Featuring the author Angus Deaton, Dwight D. Eisenhower Professor of Economic and International Affairs, Woodrow Wilson School of Public and International Affairs & Economics Department, Princeton University; with comments by Charles Kenny, Senior Fellow, Center for Global Development; moderated by Ian Vasquez, Director, Center for Global Liberty and Prosperity, Cato Institute.
- Legal Briefs
- Cato Handbook for Policymakers
- Cato Journal
- Cato's Letter
- Cato's Letters
- Cato Papers on Public Policy
- Cato Policy Report
- Cato State Legislative Guide
- Cracking the Books
- Economic Freedom of the States of India
- Economic Freedom of the World
- Public Comments
- Supreme Court Review
December 6, 2013
Tim Lynch discusses the rising number of arrested D.C. police department officers on WUSA’s 9 News at 6pm
December 5, 2013
Interest rates should be determined by the interaction of savers and investors, not driven by the arbitrary whims of government officials in Washington.
The 2008-2009 financial crisis and Great Recession have vastly increased the power and scope of the Federal Reserve, and radically changed the financial landscape. This new ebook examines those changes and considers how the links between money, markets, and government may evolve in the future.