The SCC drives war on fossil fuels but relies on faulty analyses that ignore carbon benefits
Guest essay by Paul Driessen and Roger Bezdek
The Social Cost of Carbon is the foundation for numerous Obama-era energy policies, regulations and programs. Under complex SCC metrics, agencies calculate the “hidden costs” of carbon dioxide emissions associated with fossil fuel use, assigning a dollar value to each ton of CO2 emitted by power plants, factories, homes, vehicles and other sources.
Originally, in 2010, every ton of U.S. emissions averted would prevent about $25 in global societal costs allegedly resulting from dangerous manmade climate change: less coastal flooding and tropical disease, fewer droughts and extreme weather events, for example.
Within three years, regulators increased the SCC to around $40 per ton, the better to justify the Clean Power Plan, Paris climate agreement, and countless actions on electricity generation, drilling, fracking, methane, pipelines, vehicle mileage…
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