Social Cost of Carbon

On UK Climate Policies

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By Neil Lock – Re-Blogged From WUWT

“I’d expect that some probing by independent experts into the economic calculations, and the assumptions on which they are built, might bear fruit.” But where are these calculations, and who are the unbiased experts who have quality controlled them? I couldn’t find any such calculations, or the names of any such experts. Perhaps, I thought, I’d better take a look at this myself.

So, I set out to learn as much as I could about the economic calculations which – so we’re supposed to believe – justify the extreme measures proposed, all the way up to total de-carbonization of the UK economy, to avoid alleged catastrophic damage from global warming. This essay is the result of that exercise. If it reads like a cross between a layman’s guide to the economics of global warming and a political rant, that’s because it’s both!

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From CNN’s Non Sequitur Department: “Most economic forecasts have a big blind spot”

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By David Middleton – Re-Blogged From WUWT

Definition of non sequitur

1 : an inference that does not follow from the premises; specifically : a fallacy resulting from a simple conversion of a universal affirmative proposition or from the transposition of a condition and its consequent

Guest ridicule by David Middleton

Honestly… I’m not picking on Real Clear Energy… But today’s headlines were a gold mine!

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Economic Cost Of The Social Cost Of Carbon

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By Willis Eschenbach – Re-Blogged From Skating Under The Ice

The unscientific enterprise called the Social Cost of Carbon (SCC) is a thinly disguised political attempt to justify some kind of a “carbon tax”. Of course calling it a “carbon tax” or the “social cost of carbon” is doublespeak, or perhaps triplespeak. It is doublespeak because the issue is carbon dioxide, not carbon. What they are talking about taxing is not carbon but CO2. (In passing, the irony of a carbon-based life form studying the “social cost of carbon” is worth noting …)

It is triplespeak because in the real world what this so-called “carbon tax” means is a tax on energy, since the world runs on carbon-based fossil fuel energy and will for the foreseeable future.

This energy tax has been imposed in different jurisdictions in a variety of forms—a direct carbon tax, a “cap-and-trade” system, a “renewable mandate”, they come in many disguises but they are all taxes on energy, propped up by the politically driven “Social Cost of Carbon”.

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Cost Of Carbon

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By Willis Eschenbach – Re-Blogged From http://www.WattsUpWithThat.com

I see that Andrew Revkin continues to try to keep the climate pot bubbling. In this case, he’s issued dire warnings about reducing the so-called “Social Cost of Carbon” (SCC). He starts by defining the SCC

This value is the government’s best estimate of how much society gains over the long haul by cutting each ton of the heat-trapping carbon-dioxide emissions scientists have linked to global warming. balance-scale

Currently set at $36 per ton of carbon dioxide, the metric is produced using a complex, and contentious, set of models estimating a host of future costs to society related to rising temperatures and seas, then using a longstanding economic tool, a discount rate, to gauge how much it is worth today to limit those harms generations hence. (For context, the United States emitted about 5.1 billion tons of CO2 in 2015, out of a global total of 36 billion.)

Now that makes it all sound very scientific, but let’s be clear about these claimed “harms generations hence”.

The Social Cost of Carbon (SCC) is a GUESS about the unknown future economic effects that might or might not result from unknown future temperature changes that might or might not result from unknown future CO2 emissions changes that might or might not happen over the next century.

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Weekly Climate and Energy News Roundup #182

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The Week That Was: June 6, 2015 – Brought to You by www.SEPP.org
By Ken Haapala, President, Science and Environmental Policy Project

Climate and Health – USGCRP: As discussed in prior TWTWS, April 18, May 16 and May 31, the US Global Change Research Program (USGCRP) released a draft for public review of its upcoming Climate & Health Assessment. The entire document has significant issues, including it is based on forecasts from climate models that have not been validated, it ignores the importance of public health measures in controlling infectious diseases, and it estimates deaths from extreme weather events, namely heat, that cannot be supported by mortality tables. The last findings are contradicted by a far more comprehensive study published in Lancet shows cold weather, not heat, kills about 20 times more people than hot weather. (TWTW May 31, 2015)

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