Issues of concern to people who live in the west: property rights, water rights, endangered species, livestock grazing, energy production, wilderness and western agriculture. Plus a few items on western history, western literature and the sport of rodeo... Frank DuBois served as the NM Secretary of Agriculture from 1988 to 2003. DuBois is a former legislative assistant to a U.S. Senator, a Deputy Assistant Secretary of Interior, and is the founder of the DuBois Rodeo Scholarship.
Wednesday, February 19, 2014
Carbon Benefits Exceed Costs by up to 500:1
The Environmental Protection Agency, other government agencies and various scientists
contend that fossil fuels and carbon dioxide emissions are causing
dangerous global warming and climate change. They use this claim to
justify repressive regulations for automobiles, coal-fired power plants
and other facilities powered by hydrocarbon energy. Because these rules are costing millions of jobs and billions of
dollars, a federal Interagency Working Group (IWG) devised the “social
cost of carbon” concept (SCC) – which attaches arbitrary monetary values
to the alleged impacts of using hydrocarbons and emitting carbon
dioxide. SCC estimates represent the supposed monetized damages
associated with incremental increases in “carbon pollution” in a given
year. With little publicity, debate or public input, in 2010 the IWG set
the cost at $22 per ton of carbon dioxide emitted. Then, in 2013 (again
with little notice), it arbitrarily increased the SCC to $36/ton,
enabling agencies to proclaim massive, unacceptable damages from
“carbon,” and enormous benefits from their regulations. Recently, the
Department of Energy used the $36 formula to justify proposed standards
for microwave ovens, cell phone chargers and laptops! The SCC allows unelected bureaucrats to wildly amplify the alleged
impacts of theoretical manmade climate disasters, exaggerate the
supposed benefits of rules, minimize their costs, and ignore the value
to society of the facility, activity or product they want to regulate.
That is exactly what is happening. Fundamental flaws in the SCC concept and process make the agencies’
analyses – and proposed rulemakings – questionable, improper, and even
fraudulent and illegal. A new Management Information Services, Inc.
(MISI) analysis examines this in detail...more
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