08.5.2020

The President, not the New York Times, Is Right on the Social Cost of Carbon

The President, not the New York Times, Is Right on the Social Cost of Carbon

August 5, 2020

A CO2 Coalition Review of a Media Claim

Energy economist Dr. Bruce Everett says in a new Science and Policy Brief:

The Social Cost of Carbon (SCC) is an estimate of the present value of the future impact of climate change and is supposed to serve as the basis for climate regulations.  Like everything else in the climate debate, the SCC is a political exercise.

In a July 14, 2020 New York Times article, Lisa Friedman claims “G.A.O.: Trump Boosts Deregulation by Undervaluing Cost of Climate Change.”]  In fact, the GAO (Government Accountability Office) says no such thing.  Responding to Congressional requests, the GAO considered (1) why the Trump administration’s SCC is lower than the Obama administration’s, (2) why the recommendations of a 2017 study by the National Academies of Sciences, Engineering, and Medicine have not been implemented and (3) how do states and other countries estimate SCC.  Neither the GAO nor Ms. Friedman bothers to ask the only important question: do estimates of the SCC make any sense?

Download the report here:The President, not the New York Times, Is Right on the Social Cost of Carbon

8.6.2020

Wind and Solar are Competitive with Fossil Fuels only in Subsidized Price, Not in True Cost

Wind and Solar are Competitive with Fossil Fuels only in Subsidized Price, Not in True Cost A CO2 Coalition Review of a Media Claim In a new Science & Policy Brief, economist Bruce Everett tackles a vital question in determining America’s energy future: are “renewable” forms of energy truly competitive with traditional fossil fuels? Says… Continue Reading
7.23.2020

Do Government Policies Favoring Fossil Fuels Hamper the Development of Wind and Solar Power?

By Bruce Everett Ph.D. Executive Summary A number of studies claim that pervasive subsidies provide an unfair competitive advantage to fossil fuels over renewable energy. Many estimates have been made of the value of direct and indirect subsidies provided to fossil fuels, the most extreme being the 2015 study by the International Monetary Fund estimating Continue Reading

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