Wednesday, 5 March 2014

The Stealth Carbon Tax

American Thinker
"....We conclude that the historic increase of CO2 in the past 200 years has benefitted humanity and will continue to do so in future.

Outdated Climate Science
The most fundamental problem with the TSDs is the absence of any empirical evidence for significant climate effects of rising CO2 levels.  [We note in particular a lack of global warming over the past 17 years!]  The only 'evidence' comes from (so far) unvalidated climate models that disagree even with each other, and from unsubstantiated claims of anthropogenic global warming (AGW) in successive UN-IPCC (Inter-governmental Panel on Climate Change) reports.  [For details, see reports of the more credible NIPCC (Non-governmental International Panel on Climate Change) at www.NIPCCreport.org .  A critique of the latest (2013) IPCC Summary can be accessed at http://heartland.org/sites/default/files/critique_of_ipcc_spm.pdf]  ............"...................

Conclusion

The use of fossil fuels, and the resultant rise in atmospheric CO2, yield benefits that far outweigh any conceivable estimate of social cost; hence using an SCC does not make economic sense.  The OMB should publicize this view and encourage reasoned debate.  Beyond a possible use in allowing rational regulation, establishing an SCC as a Carbon Tax is likely unconstitutional.

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