Posted on 09/24/2013 2:55:49 PM PDT by neverdem
A major project has been quietly underway, within the executive branch of the U.S. government, trying to calculate a "social cost of carbon" (SCC) -- a so-called "non-market externality" (i. e., not captured by the normal price system of a free market). This calculated cost would then be imposed on all government programs in order to "fix" the price system -- so they say.
The SCC report was published in May 2013, with little fanfare; public comments had to be submitted by Sept. 16. But this whole misconceived exercise has no valid scientific basis and can destroy the supply of low-cost, reliable electric power. It is certain to face legal challenges from industry and informed consumer groups; it should be abandoned.
Even the terminology is confusing. The interagency SCC group, made up of the top brains from about a dozen departments, cannot even define their terms properly. What they label "cost" is the damage (disbenefit) of a hypothesized global warming, supposedly caused by atmospheric carbon dioxide (CO2). These imagined disbenefits will eventually be compared with the better-defined real cost of controlling CO2 emissions in the United States -- a kind of benefit-cost analysis.
This control cost, of course, translates into higher energy prices, which will make life extremely difficult for lower-income groups. Such a carbon tax creates more poverty, and will cause businesses and jobs to flee to other countries where conditions are more hospitable.
Other countries
Aware of this issue, Australia not only has just decided to scrap its tax on carbon emissions, but is proceeding to dismantle its whole climate apparatus. Europe may likewise abandon its CO2 goals, which had been laboriously negotiated by bureaucrats of the European Union. We will get some inkling of what happens in Germany from their forthcoming federal elections. Here, however, is a...
(Excerpt) Read more at americanthinker.com ...
Bambi said he was going to do it. Why are we surprised?
It would be a very soft punishment compared to what the average citizen will be forced to go through because of this SCAM.
Any social cost of carbon should include the cost of dead birds whacked by windmills.
Why isn’t the fedgov using surplus labor to harvest the shredded poultry downstream.
That's the interesting part. Any study of Baraq/SlowJoe/ValJ/ etc confirms their extreme left positions over decades.
While measures to internalize externalities may be the least worst solution to the (non) problem of CO2 emissions; there is no way that “progressives” would be satisfied with just that measure. If the “social cost of carbon” were added to the price of energy; the “progressives” would still insist on interfering in the market in every possible way. You’d still have caps, you’d still have CAFE regulations for auto companies, you’d still have regulations against burning coal, etc., etc.
During the 2012 election Zero said he was for “clean coal.” What the naive voters didn’t know but his media enablers almost certainly knew was that no such thing exists under Zero’s definition of the term.
Nothing this Hybrid does makes sense until you realize why he is doing it. His intention is to bring change—Socialism.
The whole Federal bureaucracy needs a purge
Here in ky I was talking to a person from Jackson 1 of the highest unemployment places in ky mines are laying off 520 more times are hard in coal country
I would add “drawn and quartered” to that list.
Save
the surprise is that he is
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.