Social Cost of Carbon: A Controversial Tool for Misguided Policy

Though the Obama Administration is forcefully pushing its carbon regulations, the quantitative basis for these rules, the social cost of carbon (SCC) is fundamentally flawed. So flawed, in fact, Heritage research shows the models used to calculate the SCC can support encouraging CO2 emissions rather than actually restricting them. Other quantitative measures of CO2 policy, such as the likely impact on world temperatures, provide little support for any of the policies offered to date. Ignoring this evidence, the Obama Administration appears resolute in its stance to promote its policy goals – even at the detriment of those adversely impacted by these misguided policies.