Cross-posted from Watts Up With That, where I publish my scientific work.
After my recent post on the futility of the US cutting down on CO2 emissions, I got to thinking about what is called the “social cost of carbon”. (In passing, even the name is a lie. It’s actually the supposed cost of carbon DIOXIDE, not carbon … salesmanship and “framing” applied to what should be science. But I digress …)
According to the Environmental Defense Fund the “social cost of carbon” is:
… the dollar value of the total damages from emitting one ton of carbon dioxide into the atmosphere. The current central estimate of the social cost of carbon is roughly $40 per ton.
Now, for me, discussing the “social cost of carbon” is a dereliction of scientific duty because it is only half of an analysis.
A real analysis is where you draw a vertical…
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