The Social Cost of Carbon figures were all wildly wrong: One recalculation wipes half the cost or more. « JoNova

The Social Cost of Carbon figures were all wildly wrong: One recalculation wipes half the cost or more. « JoNova

By Jo Nova Nearly every plea for carbon subsidies depends on “the Social Cost of Carbon”, and it’s wrong Every ton of carbon dioxide we emit is supposedly going to cause $220 USD in losses in the future, which justifies throwing lots of money at efforts to reduce emissions — like subsidizing EVs and solar panels, and inventing cricket burgers. This is called the Social Cost of Carbon (SCC). But half of that imaginary cost was the devastation high