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The Administration's Indefensible Hike in the "Social Cost of Carbon"

September 17, 2013 in Economics

The Administration recently raised the “Social Cost of Carbon” (SCC), an estimate of the net damages caused by a hypothetical ton of dreaded carbon dioxide emissions, in complete contravention to a plethora of recent scientific findings on global warming. In response, Landmark Legal Foundation petitioned for reconsideration, and Cato scientists have filed an extensive commentary in support. We found that up-to-date science would result in a lower, and probably inconsequential, social cost.

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