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In this week\u2019s episode, host Kristin Hayes talks with Kevin Rennert, a fellow at Resources for the Future (RFF) and director of RFF\u2019s Social Cost of Carbon Initiative. Rennert has prior experience as deputy associate administrator for the Office of Policy at the US Environmental Protection Agency, senior advisor on energy for the US Senate Committee on Finance, and senior professional staff for the US Senate Committee on Energy and Natural Resources. \n\nRennert\u2019s expertise and leadership in these areas make him the perfect candidate to discuss the recently released interim estimate for the social cost of carbon\u2014what it is, why it matters, how it\u2019s evolved, and what will happen next with this important number.\n\nReferences and recommendations:\n\n\u201cDiscounting 101\u201d explainer by Brian Prest; https://www.rff.org/publications/explainers/discounting-101/\n\n\u201cEstimating the Value of Carbon: Two Approaches\u201d by Resources for the Future and New York State Energy Research and Development Authority; https://www.rff.org/publications/reports/estimating-the-value-of-carbon-two-approaches/\n\n\u201cAssessing Approaches to Updating the Social Cost of Carbon\u201d from the National Academies of Sciences, Engineering, and Medicine, by Maureen L. Cropper, Richard G. Newell, Myles R. Allen, Maximilian Auffhammer, Chris E. Forest, Inez Y. Fung, James K. Hammitt, Henry D. Jacoby, Robert E. Kopp, William Pizer, Steven K. Rose, Richard Schmalensee, and John P. Weyant; https://www.nationalacademies.org/our-work/assessing-approaches-to-updating-the-social-cost-of-carbon#sectionPublications\n\n\u201cAccelerating Decarbonization of the U.S. Energy System\u201d from the National Academies of Sciences, Engineering, and Medicine, by Stephen W. Pacala, Colin Cunliff, Danielle Deane-Ryan, Kelly Sims Gallagher, Julia Haggerty, Christopher T. Hendrickson, Jesse D. Jenkins, Roxanne Johnson, Timothy C. Lieuwen, Vivian Loftness, Clark A. Miller, William A. Pizer, Varun Rai, Ed Rightor, Esther Takeuchi, Susan F. Tierney, and Jennifer Wilcox; https://www.nap.edu/catalog/25932/accelerating-decarbonization-of-the-us-energy-system