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Author Topic: Why ‘Social Cost of Carbon’ Is Most Useless Number You’ve Never Heard Of  (Read 221 times)

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rangerrebew

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Why ‘Social Cost of Carbon’ Is Most Useless Number You’ve Never Heard Of
« on: March 04, 2021, 02:37:53 pm »
Why ‘Social Cost of Carbon’ Is Most Useless Number You’ve Never Heard Of

Kevin Dayaratna    March 02, 2021

 

Kevin Dayaratna explores the boundaries of policy, statistics, and economics as principal statistician, data scientist, and research fellow at The Heritage Foundation's Center for Data Analysis.

On his very first day in office, President Joe Biden issued an executive order resurrecting the Obama-era social cost of carbon, intended to quantify the economic impact of climate change.

The administration on Feb. 26 issued an interim estimate reporting that these damages are approximately $51 per metric ton of carbon dioxide emissions.

Dubbed by some as “the most important number you’ve never heard of,” the social cost of carbon is defined as the economic damages associated with a ton of carbon dioxide emissions across a particular time horizon.

https://www.dailysignal.com/2021/03/02/why-social-cost-of-carbon-is-most-useless-number-youve-never-heard-of/
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Offline Sled Dog

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Re: Why ‘Social Cost of Carbon’ Is Most Useless Number You’ve Never Heard Of
« Reply #1 on: March 04, 2021, 03:38:59 pm »
Yup.

Carbon based fuels cause some problems, like mining and air pollution.

And without carbon based fuels, minor problems like global starvation and slavery and darkness happen.
« Last Edit: March 04, 2021, 03:39:47 pm by Sled Dog »
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Offline DefiantMassRINO

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Re: Why ‘Social Cost of Carbon’ Is Most Useless Number You’ve Never Heard Of
« Reply #2 on: March 04, 2021, 08:25:21 pm »
What are the empirical measures for "Social Cost of Carbon"?  Is there a "Social Cost of Nonsense" being tabulated?
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