The fallacious "Social Cost of Carbon" with David Kreutzer
March 5, 2021
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1:02:49Now PlayingThe fallacious "Social Cost of Carbon" with David Kreutzer
YouTube Description
as posted by the channelThe Biden Administration has just announced $51/ton "Social Cost of Carbon." On this week's Power Hour, Alex Epstein interviews David Kreutzer, Senior Economist at the Institute for Energy Research, about the many methodological and moral problems with this metric, including:
- How the SCC overestimates negative climate impacts
- How the SCC underestimates positive climate impacts
- How the SCC underestimates adaptation
- How the SCC ignores the unique cost-effectiveness of fossil fuels
- How the SCC is radically changed by arbitrary decisions about its "discount rate"
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