President Joe Biden and his administration want to recalibrate the "social cost of carbon," a metric used to inform public policy decision making by putting a price on the non-market impacts of carbon emissions on the environment and human health. In a new paper, a group of researchers in the fields of economics, ethics and environmental science offered a series of recommendations for the revision process. "Economic analysis is at the heart of the regulatory process in the U.S. and will therefore play a major role in shaping and informing the ambitious climate goals from the new administration," said David Anthoff, study co-author and assistant professor of energy and resources at the University of California, Berkeley. "Our recommendations offer a roadmap for how this can be done in a way that is both scientifically rigorous and transparent."