AGENDA ITEM 16
Transportation, Infrastructure, Energy and Environment Committee
Faden, Senior Legislative Attorney
Bill 5-14, Environmental Sustainability
Social Cost of Carbon
Bill 5-14, Environmental Sustainability Social Cost of Carbon Assessments, sponsored
by Councilmembers Berliner, Floreen, Riemer, EIrich, Andrews, and Navarro, was introduced on
January 28, 2014. A Transportation, Infrastructure, Energy and Environment Committee
worksession is tentatively scheduled for February 26,2014 at 9:30 a.m.
Bill 5-14 would require the Office of Management and Budget to submit an analysis of
the social cost of carbon with certain capital projects in
Capital Improvements Program. The
use of conventional fuels, particularly coal, extracts a cost on society that is not reflected in its
price. These "external" costs should be factored into the cost/benefit calculations that the
County uses when it assesses the potential for energy efficiency improvements.
Councilmember Berliner explained the purpose of this Bill in his January 14
memorandum describing his proposed energy/environmental package. See ©20 of Bill 2-14,
Agenda Item 13.
The Fiscal and Economic Impact statement for this Bill will be transmitted after March
17 (see ©4).
This packet contains:
Legislative Request Report
OMB and Finance Memo
F:\LAw\BILLS\1405 Social Cost OfCarbon\Public Hearing Memo.Doc