Biden’s executive order from January 2021 considered the “social cost” of carbon emissions when developing environmental regulations. Joe Biden’s primary climate plan, which he initiated immediately after becoming President, stopped by a federal district court in Louisiana. US District Judge James Cain rejected an executive order signed by President Joe Biden that would have enabled states to set their own carbon emissions regulations in a Friday judgment.
A federal court has ruled that the Biden Administration cannot use a higher carbon cost estimate in its strategy to curb greenhouse gas emissions. Cain concurred with attorneys from energy-producing states who argued that it would raise energy prices. The lower cost estimate assigns a monetary value to the costs of each different tone of greenhouse gasses released into the environment.
Moreover, after the Trump Administration cut the climate cost estimate, Joe Biden restored it to around $51 per tonne of carbon dioxide emissions on his first day in office. Former President Donald Trump’s assessment solely reflected damages experienced in the United States rather than the worldwide damages recorded in more significant estimates provided under the Obama Administration. According to the court, “Plaintiff States have properly defined the types of injuries to sustain injunctive relief.” The judgment continued, “The Court believes that the public interest and balance of equities weigh substantially in favor of issuing a preliminary injunction.”
Furthermore, Joe Biden issued an executive order reaffirming the United States’ commitment to the Paris Climate Agreement. The measure reverses President Donald Trump’s order to remove the US from the agreement. In his inauguration address, Biden adds, “A scream for survival emanates from the earth itself. It can’t be much more desperate or clear than this.”
One of them is a temporary halt on new oil and gas leasing in previously undeveloped Arctic wilderness. Ban Ki-moon said that “all hands must be on deck to reach global climate targets.” The Paris Agreement requires 195 nations to set a target for reducing carbon emissions.