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The Social Cost of Carbon: Considerations and Disagreements in Climate Economics

August 28, 2018
By Jordan McGillis

Contrary to what the public is led to believe by economists and climate alarmists the social cost of carbon is not an objective calculation but rather it is an estimate resting upon normative judgments.

Contrary to what the public is led to believe by economists and climate alarmists social cost of carbon calculations do not exist in nature independent of human judgment, rather they are estimates resting upon normative judgments about the desirability of future social conditions combined with projections of largely unknown physical responses to differing levels of greenhouse gases and social responses to policies imposed to reduce greenhouse gases.