Social Costs of Carbon are Skewed
“Carbon taxes” are developed based on what is called the “Social Cost of Carbon.” These are elaborate computer models (simulations) that try to figure out how much long-term damage to the environment and health is done through the use and burning of hydrocarbons (fossil fuels – coal, natural gas, oil).
Since this calculation is done based on the projected warming of other computer simulations…and it is not done based on the real temperatures we are seeing (which is only 1/4 of predicted warming.), the ‘Social Costs of Carbon” end up being very high.
As well, the social benefits of the use of fossil fuels are not included in the calculations.
The French economist and demographer Emile Levasseur described how, if one steam horsepower was equivalent to the power of 21 men, in 1840, French industry had a million new workers, thanks to steampower. By 1885-87 that number had risen to 98 million or “deux esclaves et demi par habitant de la France” (two and a half slaves for each inhabitant of France.) – Matthew Sinclair
“Let them eat carbon; The price of Failing Climate Policies and how governments and big business profit from them”
https://climatechange101.ca/learn-more-about-climate-change/social-costs-of-carbon-are-skewed/
