• Latest
  • Trending
  • All
  • News
  • Lifestyle
Methane at $4,000 per ton? This new order may transform industries thumbnail

Methane at $4,000 per ton? This new order may transform industries

October 14, 2023
ICE arrests brother of anti-ICE activist leader in Massachusetts thumbnail

ICE arrests brother of anti-ICE activist leader in Massachusetts

June 15, 2025
Judge says Trump illegally deployed National Guard to help with LA protests, must return control thumbnail

Judge says Trump illegally deployed National Guard to help with LA protests, must return control

June 14, 2025
Red Sox To Acquire Jorge Alcala thumbnail

Red Sox To Acquire Jorge Alcala

June 13, 2025
Red Sox Rookie Roman Anthony's Sister Steals Spotlight At Game thumbnail

Red Sox Rookie Roman Anthony’s Sister Steals Spotlight At Game

June 12, 2025
Boston Consulting Group CEO apologizes for Israeli-backed Gaza aid project thumbnail

Boston Consulting Group CEO apologizes for Israeli-backed Gaza aid project

June 10, 2025
'Crazy, unreliable leadership': Democrats condemn Trump's national guard deployment to LA – video thumbnail

‘Crazy, unreliable leadership’: Democrats condemn Trump’s national guard deployment to LA – video

June 10, 2025
Trump is using every weapon at his disposal for revenge thumbnail

Trump is using every weapon at his disposal for revenge

June 10, 2025
Democrats Want To Welcome South African ‘Nazi’ Back With Open Arms thumbnail

Democrats Want To Welcome South African ‘Nazi’ Back With Open Arms

June 9, 2025
New England serial killer fears stoked by 13th body found in small town thumbnail

New England serial killer fears stoked by 13th body found in small town

June 8, 2025
Red Sox at Yankees prediction: Odds, expert picks, starting pitchers, betting trends, and stats for June 6 thumbnail

Red Sox at Yankees prediction: Odds, expert picks, starting pitchers, betting trends, and stats for June 6

June 7, 2025
Jasmine Crockett: Republicans Want to Put Me ‘Back in Chains’ – But I've Got Something to Protect Me thumbnail

Jasmine Crockett: Republicans Want to Put Me ‘Back in Chains’ – But I’ve Got Something to Protect Me

June 7, 2025
Karen Read defense gets boost as plow driver testifies he saw no body in snow during Boston cop death case thumbnail

Karen Read defense gets boost as plow driver testifies he saw no body in snow during Boston cop death case

June 6, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate
Sunday, June 15, 2025
66 °f
Wellfleet
58 ° Tue
63 ° Wed
68 ° Thu
61 ° Fri
  • Login
  • Register
FREE Cape Cod News
DONATE
  • FREE Cape Cod News
  • Cape Cod News
  • News
    • News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
No Result
View All Result
Free Cape Cod News
No Result
View All Result
  • FREE Cape Cod News
  • Cape Cod News
  • News
  • Politics
  • Business
  • World
  • Entertainment
  • Lifestyle
  • Photos
  • Videos
Home News

Methane at $4,000 per ton? This new order may transform industries

FREE Cape Cod News by FREE Cape Cod News
October 14, 2023
in News, Politics
Reading Time: 2 mins read
Donate
0
Methane at $4,000 per ton? This new order may transform industries thumbnail
632
SHARES
1.4k
VIEWS
Share on TwitterShare on Facebook

Each year, the federal government purchases about 50,000 new vehicles. Until recently, almost all of them ran on diesel or gasoline, contributing to U.S. demand for fossil fuels and encouraging automakers to continue focusing on fossil-fueled vehicles.

That’s starting to change, and a new directive that the Biden administration quietly issued in September will accelerate the shift.

The administration directed U.S. agencies to begin considering the social cost of greenhouse gases when making purchase decisions and implementing their budgets.

That one move has vast implications that go far beyond vehicles. It could affect decisions across the government on everything from agriculture grants to fossil fuel drilling on public lands to construction projects. Ultimately, it could shift demand enough to change what industries produce, not just for the government but for the entire country.

What’s the social cost of greenhouse gas?

The social cost of greenhouse gases represents the damage created by emitting 1 metric ton of carbon dioxide, methane and other greenhouse gases into the atmosphere.

These greenhouse gases, largely from fossil fuels, trap heat in the atmosphere, warming the planet and fueling climate change. The result is worsening storms, heat waves, droughts and other disasters that harm humans, infrastructure and economies around the world. The estimate is intended to include changes in agricultural productivity, human health, property damage from increased flood risk, and the value of ecosystem services.

It could shift demand enough to change what industries produce, not just for the government but for the entire country.

By directing agencies to consider those costs when making purchases and implementing budgets, the administration is making it more likely that agencies will purchase products and make investments that are more energy efficient and less likely to fuel climate change.

While only a fraction of the roughly $6 trillion that the U.S. government spends each year would likely be considered under the new directive, that fraction could have far-reaching impacts on the U.S. economy by reducing demand for fossil fuels and lowering emissions across sectors.

Estimating the cost

The Obama administration introduced the first federal social cost of carbon to incorporate climate risk in regulatory decisions. It’s calculated using models of the global economy and climate and weighs the valu…..

Read More

Tags: bidenpolitics

FREE Digital Newspaper Subscription!
Sign up for your free digital subscription. The FREE Cape Cod News

Unsubscribe
FREE Cape Cod News

FREE Cape Cod News

Free Cape Cod News is what's happening in the Cape Cod, U.S and World & what people are talking about right now. Local newspaper. Stay in the know. Subscribe to get notified about our latest news.

Related Posts

ICE arrests brother of anti-ICE activist leader in Massachusetts thumbnail
News

ICE arrests brother of anti-ICE activist leader in Massachusetts

by FREE Cape Cod News
June 15, 2025
Judge says Trump illegally deployed National Guard to help with LA protests, must return control thumbnail
News

Judge says Trump illegally deployed National Guard to help with LA protests, must return control

by FREE Cape Cod News
June 14, 2025
Red Sox Rookie Roman Anthony's Sister Steals Spotlight At Game thumbnail
News

Red Sox Rookie Roman Anthony’s Sister Steals Spotlight At Game

by FREE Cape Cod News
June 12, 2025
Boston Consulting Group CEO apologizes for Israeli-backed Gaza aid project thumbnail
News

Boston Consulting Group CEO apologizes for Israeli-backed Gaza aid project

by FREE Cape Cod News
June 10, 2025
Load More
Please login to join discussion

Follow Us on Twitter

FREE Cape Cod News - Your source for local Cape Cod news, latest breaking U.S. and World news. Every day, all day. Subscribe for your favorite categories.

  • Trending
  • Comments
  • Latest
ICE arrests brother of anti-ICE activist leader in Massachusetts thumbnail

ICE arrests brother of anti-ICE activist leader in Massachusetts

June 15, 2025
Judge says Trump illegally deployed National Guard to help with LA protests, must return control thumbnail

Judge says Trump illegally deployed National Guard to help with LA protests, must return control

June 14, 2025
Trooper says Cuomo ‘expected’ drivers to speed him around thumbnail

Trooper says Cuomo ‘expected’ drivers to speed him around

November 11, 2021
ICE arrests brother of anti-ICE activist leader in Massachusetts thumbnail

ICE arrests brother of anti-ICE activist leader in Massachusetts

0
Judge says Trump illegally deployed National Guard to help with LA protests, must return control thumbnail

Judge says Trump illegally deployed National Guard to help with LA protests, must return control

0
Red Sox To Acquire Jorge Alcala thumbnail

Red Sox To Acquire Jorge Alcala

0
ICE arrests brother of anti-ICE activist leader in Massachusetts thumbnail

ICE arrests brother of anti-ICE activist leader in Massachusetts

June 15, 2025
Judge says Trump illegally deployed National Guard to help with LA protests, must return control thumbnail

Judge says Trump illegally deployed National Guard to help with LA protests, must return control

June 14, 2025
Red Sox To Acquire Jorge Alcala thumbnail

Red Sox To Acquire Jorge Alcala

June 13, 2025

FREE Cape Cod News On Twitter

Today’s News

  • ICE arrests brother of anti-ICE activist leader in Massachusetts June 15, 2025
  • Judge says Trump illegally deployed National Guard to help with LA protests, must return control June 14, 2025
  • Red Sox To Acquire Jorge Alcala June 13, 2025
  • Red Sox Rookie Roman Anthony’s Sister Steals Spotlight At Game June 12, 2025
  • Boston Consulting Group CEO apologizes for Israeli-backed Gaza aid project June 10, 2025
FREE Cape Cod News

Copyright © 2024 Free Cape Cod News

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • FREE Cape Cod News
  • Cape Cod News
  • News
    • News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
  • Login
  • Sign Up

Copyright © 2024 Free Cape Cod News