Coal made its best case against climate change, and lost

By Dana Nuccitelli | The Guardian | May 11, 2016

Peabody Energy, the world’s largest private sector coal company (now bankrupt), recently faced off against environmental groups in a Minnesota court case. The case was to determine whether the State of Minnesota should continue using its exceptionally low established estimates of the ‘social cost of carbon’, or whether it should adopt higher federal estimates.

The social cost of carbon is an estimate of how much the damages from carbon pollution cost society via climate change damages. In theory, it represents how much the price of fossil fuels should increase to reflect their true costs.

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