Source: Global Warming Org
Yesterday was the deadline for filing comments with the Office of Management and Budget (OMB) on the Obama administration?s social cost of carbon (SCC) estimates. I submitted a comment letter on behalf of the Competitive Enterprise Institute, Americans for Tax Reform, CFACT, Freedom Action, FreedomWorks Foundation, Frontiers of Freedom, George C. Marshall Institute, Heartland Institute, Rio Grande Foundation, Science & Environmental Policy Project, and Small Business & Entrepreneurship Council.
We argue that carbon?s social cost is an unknown quantity; that SCC analysts can get just about any result they desire by fiddling with non-validated climate parameters, made-up damage functions, and below-market discount rates; and that SCC analysis is computer-aided sophistry, its political function being to make renewable energy look like a bargain at any price and fossil energy look unaffordable no matter how cheap. (more…)