Biden’s “social cost of carbon†delusion
By Craig Rucker |April 2nd, 2021|Climate, Energy
The Biden Administration is foolishly determined to eradicate carbon-based fuels from America’s energy mix.
They claim the nation can easily go from one that gets 80% of its energy from fossil fuels today to one that is 80% “carbon-free†by 2030 – or 100% by 2050.
To facilitate their lofty ambitions, they’ve concocted a “Social Cost of Carbon†scheme, one which attaches an arbitrary price tag to every ton of carbon dioxide (CO2) emitted when oil, natural gas or coal is burned. Originally set at $22/ton in 2010, it jumped to $36, then $40, then $51 – but could easily rocket to $100 or even $200 under a Green New Deal-styled arrangement.
https://www.cfact.org/2021/04/02/bidens-social-cost-of-carbon-delusion/
