The Bogus Cost Of Carbon

Skating Under The Ice

From the New York Times a while back:

In 2010, 12 government agencies working in conjunction with economists, lawyers and scientists, agreed to work out what they considered a coherent standard for establishing the social cost of carbon. The idea was that, in calculating the costs and benefits of pending policies and regulations, the Department of Transportation could not assume that a ton of emitted carbon dioxide imposed a $2 cost on society while the Environmental Protection Agency plugged 10 times that amount into its equations.

At the time I protested loudly that this was only half an analysis. Even the dumbest anthropoid knows if he is faced with a complex decision, to take a piece of paper, draw a vertical line down the middle,  put “Pluses” at the top of one column, “Minuses” on top of the other, and fill in the columns with the pluses and minuses of the…

View original post 972 more words

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s