Despite 23 Years of no Warming!
from the American Spectator:
States should avoid imposing dubious “social cost of carbon” rules.
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.