Colorado Uses the SCC in Cost-Benefit Analysis for Rules Governing Statewide Transportation Planning
The Colorado Department of Transportation (CDOT) is developing new regulations to change how the state approaches transportation infrastructure investments. The draft rules specifically call for the consideration of greenhouse gas emissions. 1 The CDOT prepared a cost-benefit analysis for the proposed rules and included the social cost of carbon in its calculation of economic benefits. 2
Based on IWG SCC at 2.5% discount rate.
Colo. Rev. Stats. § 25-7-102(2)(g)
Public comments on the proposed rules will be accepted until November 18, 2021. 3
- Rules Governing Statewide Transportation Planning Process and Transportation Planning Regions § 8 (to be codified at 2 C.C.R. 601-22), https://www.codot.gov/business/rules/documents/revisedghgrule10-19-21-2-ccr-601-22.pdf. ↩︎
- CDOT, Cost-Benefit Analysis for Rules Governing Statewide Transportation Planning (Sept. 2021), https://www.codot.gov/business/rules/documents/cdot-cost-benefit-analysis-for-ghg-rule-sept-2021.pdf. ↩︎
- See https://www.codot.gov/business/rules/documents/miscellaneous-rulemaking-public-notice-cdot-10-19-21.pdf. ↩︎
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