Copenhagen Consensus Center Bjorn Lomborg argues climate change will be solved by innovation, not government spending on policy. <\/p>\n
EXCLUSIVE <\/strong>– A coalition of 12 states is suing President Biden's administration over a climate executive order that they claim has the potential to have a serious economic impact across the country through the expansion of federal regulatory power.<\/p>\n The suit, which is being led by Missouri Attorney General Eric Schmitt, was filed on Monday. State attorneys general from Arkansas, Arizona, Indiana, Kansas, Montana, Nebraska, Ohio, Oklahoma, South Carolina, Tennessee and Utah also joined the action.<\/p>\n BIDEN CLIMATE ACTIONS TO JOLT ELECTRICITY PRICES<\/strong><\/p>\n It alleges that Biden’s Executive Order 13990, titled “Protecting Public Health and the Environment and Restoring Science to Tackle the Climate Crisis,” does not have the authority to issue binding numbers for the “social cost” of greenhouse gases to be used in federal regulations.<\/p>\n The breakdown of the social costs shows $269 billion for carbon dioxide, $990 billion for methane, and $8.24 trillion for nitrous oxide – totaling approximately $9.5 trillion, according to the lawsuit, which cited interim values determined by an interagency working group that was created by Biden’s order.<\/p>\n Schmitt said that those potential regulations will stifle manufacturing and harm agriculture in Missouri, where state figures show that hundreds of thousands of people work in those industries.<\/p>\n “Under President Biden’s executive order, which he didn’t have the authority to enact, these hard-working Missourians who have lived and worked this land for generations, could be left in the dust,” Schmitt said in a written press release.<\/p>\n