The Social Cost of Obama-Era Climate Calculations | The Freedom Pub

The Social Cost of Obama-Era Climate Calculations | The Freedom Pub:
"More than 200 cities and 12 states have pledged to uphold the Paris climate accord, even after President Donald Trump announced his administration would withdraw the United States from the agreement.
These pledges have led four states — Colorado, Illinois, Minnesota, and New York — to enact climate and energy policies based on the Obama-era social cost of carbon (SCC) calculations, which attempt to quantify the long-term economic damages associated with emitting one ton of carbon dioxide into the air.
The Obama administration concluded for every ton of carbon dioxide released, $36 worth of damage occurs.
The SCC is based on flawed scientific and economic assumptions. 
As a result, the dozens of regulations imposed on the energy sector that were based on these calculations significantly and needlessly increase the cost of electricity without delivering any measurable environmental benefits..."
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