Roger Pielke, Jr. Debunks Biden Administration Social Cost of Carbon Estimates
Last Friday, the White House blog announced a “return to science.” How so? Federal agencies will henceforth be guided by “evidence-based estimates of the benefits of reducing climate pollution.” Meaning what, exactly? Agencies’ benefit-cost calculations must now incorporate the Obama administration’s social cost of carbon (SCC) estimates, adjusted for inflation. Some would see this development as a return to flimflam. In a more professorial vein, University of Colorado polymath Roger Pielke, Jr. reports that “The Biden Administration Just Failed Its First Scientific Integrity Test.”
Quick Background
The social cost of carbon is an estimate in dollars of the cumulative long-term damage caused by one ton of carbon dioxide (CO2) emitted in a specific year. That number also represents an estimate of the benefit of avoiding or reducing one ton of CO2 emissions.
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