Peer-reviewed Study: Recent data on plant growth shows a net benefit, not a “social cost” of carbon dioxide emissions
It’s time to revisit the 2009 EPA “Endangerment” finding.
The latest peer-reviewed studies show that carbon dioxide emissions are twice as powerful a plant food as previously assumed in the Cost-Benefit analysis of CO2 used by the U.S. Government. As a result, for the next 30 years, the Social Cost of Carbon under reasonable assumptions about CO2-based warming will be negative … meaning that CO2 is a benefit to the economy, not a cost. That’s the conclusion of a just-published peer-reviewed journal article by CO2 Coalition and Competitive Enterprise Institute Senior Fellow Patrick Michaels and co-authors Kevin Dayaratna of the Heritage Foundation and Ross McKitrick of the University of Guelph, Ontario. The paper, titled Climate sensitivity, agricultural productivity and the social cost of carbon in FUND, was published in Environmental Economics and Policy Studies January 18, 2020.