(Reuters) – A federal appeals court on Wednesday allowed the Biden administration to continue using Obama-era values for calculating the cost of climate change in government decisions, pending its appeal of a previous ruling.
The U.S. Court of Appeals for the Fifth Circuit granted the government’s request to stay a preliminary injunction imposed by a lower federal court judge in February. That ruling had temporarily blocked the administration from using a value of about $50 per ton as the “social cost of greenhouse gases,” an increase from the roughly $10 or less per ton imposed by the Trump administration.
(Reporting by Nichola Groom; Editing by Chris Reese)
