Comments on: The Social Cost of Carbon: Setting the Record Straight https://www.frackcheckwv.net/2013/08/14/the-social-cost-of-carbon-setting-the-record-straight/ Just another WordPress site Wed, 14 Feb 2024 02:06:39 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Dan Patterson https://www.frackcheckwv.net/2013/08/14/the-social-cost-of-carbon-setting-the-record-straight/#comment-35727 Dan Patterson Fri, 23 Aug 2013 00:24:53 +0000 http://www.frackcheckwv.net/?p=9071#comment-35727 The first three numbers are three estimates averaging costs from different scenarios and models, and differ, in order, by how much they discount “future costs and benefits” (5, 3, and 2.5 percent, respectively). The last number is the cost of emitting one ton of carbon dioxide under the worst five percent of all models. These different discount rates essentially reflect how much of the damage an emission today that causes damage to people in the future is actually reflected in the Social Cost of Carbon right now. If discount rates are confusing, read this excellent explanation of what they mean courtesy of David Roberts. The first three numbers are three estimates averaging costs from different scenarios and models, and differ, in order, by how much they discount “future costs and benefits” (5, 3, and 2.5 percent, respectively). The last number is the cost of emitting one ton of carbon dioxide under the worst five percent of all models. These different discount rates essentially reflect how much of the damage an emission today that causes damage to people in the future is actually reflected in the Social Cost of Carbon right now. If discount rates are confusing, read this excellent explanation of what they mean courtesy of David Roberts.

]]> By: Duane Nichols https://www.frackcheckwv.net/2013/08/14/the-social-cost-of-carbon-setting-the-record-straight/#comment-35537 Duane Nichols Thu, 15 Aug 2013 04:32:08 +0000 http://www.frackcheckwv.net/?p=9071#comment-35537 The coal and oil industries are now active with lobbys in Congress against a "social cost for carbon" . .. ... http://thehill.com/blogs/e2-wire/e2-wire/315631-social-cost-of-carbon-draws-coal-oil-industry-lobbying The coal and oil industries are now active with lobbys in Congress against a “social cost for carbon” . .. …

http://thehill.com/blogs/e2-wire/e2-wire/315631-social-cost-of-carbon-draws-coal-oil-industry-lobbying

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