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LRB-0238/1
EHS:amn
2021 - 2022 LEGISLATURE
January 4, 2022 - Introduced by Representatives Neubauer, Anderson, Emerson,
Baldeh, Brostoff, Cabrera, Conley, Considine, Hebl, Hong, B. Meyers,
Milroy, Ohnstad, Pope, S. Rodriguez, Shankland, Shelton, Sinicki,
Snodgrass, Spreitzer, Stubbs, Subeck and Vining, cosponsored by Senators
Roys, Larson, Agard, Erpenbach, L. Taylor and Smith. Referred to
Committee on Government Accountability and Oversight.
AB801,1,2 1An Act to create 196.025 (1h) of the statutes; relating to: evaluating the social
2cost of carbon emissions.
Analysis by the Legislative Reference Bureau
This bill requires the Public Service Commission to consider the social cost of
carbon in determining whether to issue certificates required to construct large
electric generating facilities or high-voltage transmission lines or to engage in
certain other public utility projects. The bill defines “social cost of carbon” as a
measure of the economic harms and other impacts expressed in dollars that result
from emitting one ton of carbon dioxide into the atmosphere. The bill includes the
legislature's finding that the social cost of carbon is $50 per ton of carbon dioxide
emitted into the atmosphere. However, the bill requires PSC to annually evaluate
the social cost of carbon and adjust as necessary the dollar amount found by the
legislature. In making the evaluations, PSC must use integrated assessment models
and consider appropriate discount rates. The bill requires any adjustment by PSC
to be consistent with the international consensus on the social cost of carbon. The
bill requires PSC to consult with the Department of Natural Resources in making the
evaluations.
The bill also requires that, beginning no later than January 1, 2023, PSC must
submit an annual report to the legislature describing the PSC's evaluation of the
social cost of carbon. If PSC adjusts the dollar amount found by the legislature, the
report must also specify the social cost of carbon as adjusted by PSC.

For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB801,1 1Section 1. 196.025 (1h) of the statutes is created to read:
AB801,2,42 196.025 (1h) Social cost of carbon emissions. (a) In this subsection, “social
3cost of carbon” means a measure of the economic harms and other impacts expressed
4in dollars that result from emitting one ton of carbon dioxide into the atmosphere.
AB801,2,65 (b) Subject to par. (c), the legislature finds that the social cost of carbon is $50
6per ton of carbon dioxide emitted into the atmosphere.
AB801,2,157 (c) In consultation with the department of natural resources, the commission
8shall annually evaluate the social cost of carbon and adjust as necessary the dollar
9amount found under par. (b). The evaluations shall use integrated assessment
10models and consider appropriate discount rates. Any adjustment shall be consistent
11with the international consensus on the social cost of carbon. No later than January
121, 2023, and annually thereafter, the commission shall submit to the appropriate
13standing committees of the legislature under s. 13.172 (3) a report that describes its
14evaluation and, if the commission adjusts the dollar amount found under par. (b),
15specifies the social cost of carbon as adjusted by the commission.
AB801,2,1716 (d) The commission shall consider the social cost of carbon in determining
17whether to issue certificates under ss. 196.49 and 196.491 (3).
AB801,2 18Section 2 . Initial applicability.
AB801,2,2019 (1) The treatment of s. 196.025 (1h) (d) first applies to applications for
20certificates that are received on the effective date of this subsection.
AB801,2,2121 (End)
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