Climate “Social Cost” Model – ‘close to useless’

13 Aug

When You Lose The MIT Liberal …

A plethora of integrated assessment models (IAMs) have been constructed and used to estimate the social cost of carbon (SCC) and evaluate alternative abatement policies. These models have crucial flaws that make them close to useless as tools for policy analysis: certain inputs (e.g. the discount rate) are arbitrary, but have huge effects on the SCC estimates the models produce; the models’ descriptions of the impact of climate change are completely ad hoc, with no theoretical or empirical foundation; and the models can tell us nothing about the most important driver of the SCC, the possibility of a catastrophic climate outcome. IAM-based analyses of climate policy create a perception of knowledge and precision, but that perception is illusory and misleading

Meanwhile…somewhat related

if one looks only at pristine stations, they show a temperature increase of 1.1° Fahrenheit over the years 1979 to 2008. That is noticeably lower than the government estimate of 1.7° Fahrenheit,

The Sky is Falling…

Junk Science, Fox News

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One Response to “Climate “Social Cost” Model – ‘close to useless’”

  1. Energy Works PLC August 14, 2013 at 8:35 am #

    Reblogged this on energy works plc.

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