Our comment primarily concerns the DOE’s use of the social cost of carbon (SCC) in the cost/benefit analysis of the Energy Conservation Program: Energy Conservation Standards for Walk-In Coolers and Freezers proposed rulemaking. The determination of the SCC is so discordant with the best scientific literature on the equilibrium climate sensitivity and the fertilization effect of carbon dioxide — two critically important parameters for establishing the net externality of carbon dioxide emissions — that, until this situation can be rectified, it should be barred from use in this and all other federal rulemaking.
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In this issue of Regulation, Jonathan H. Adler and Nathaniel Stewart make the case for property-based fishery management, utilizing territorial or catch-share allocation among fishery participants. Also in this issue, Michael L. Wachter explores the relationship between the much-maligned National Labor Relations Act and the decline in union membership.
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