The shonky cost of carbon
A new paper has appeared in Nature Climate Change which puts a social cost of global warming at $200 per ton of carbon dioxide. The authors are Frances Moore and Delavane Diaz of Stanford.
The SCC is of course is a figure that greens can manipulate pretty much to their hearts' content - witness Frank Ackerman's hilarious $1000 figure of a few years back. The entertainment comes in working out what particular dodges have been pulled to hike the figure upwards and the new paper explains that it is picking up on an earlier study by Dell et al, which sought to make revised estimates of the damage that climate change would cause by examining the effect of short-term fluctuations in the weather on economic output.