Obama's 'social cost of carbon' is at odds with science & ignores 'social benefits of carbon'

The Hockey Schtick

The Obama administration's latest, greatest weapon to prosecute its war on global warming is something called the "social cost of carbon." It is an instrument honed on ill-founded climate alarm and is readily blunted in the face of the best science.

The social cost of carbon is supposed to be a complete accounting of the market externalities, both positive and negative, resulting from carbon dioxide emissions released by burning fossil fuels like coal, oil, or natural gas.

But as its name implies, the government's accounting of the social cost of carbon focuses almost entirely on conjured "costs" while ignoring proven "benefits" of carbon dioxide emissions."