Administration Procedure Flips Economic Growth and “SCC” Relationship
- 02/28/2014
- AEA
- Facts, News, Products and Power, Threats
Last summer I testified before a Senate subcommittee on the numerous problems with the estimates issued by the Administration’s Working Group on the Social Cost of Carbon. The Working Group’s estimates of the “social cost of carbon” were artificially inflated because of several modeling decisions that it made, including the very significant omission of a 7 percent discount rate […]