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Posted Tue Nov 16 2010: from The Daily Climate:
Feds understate the cost of climate disruption, critics contend
The Obama Administration has ignored wrenching climate impacts such as ocean acidification in its effort to estimate the cost of carbon emissions, making emissions limits disproportionately expensive, economists say... In February an inter-agency workgroup released the administration's best guess of what each ton of carbon dioxide dumped in the atmosphere costs society: $21, plus or minus, or roughly $121 billion worth of damages annually as a result of U.S. carbon dioxide emissions [pdf]... The lower the estimated cost of disruption - known as the "social cost of carbon" - the less action the Obama Administration can justify. And several economists and scientists fear that the Administration has low-balled the figure, handicapping its ability to curb emissions.
[Read more stories about: anthropogenic change, carbon emissions, governmental idiocy, short-term thinking]

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'Doc Jim says:
Somehow it seems like it's the president's job, whoever is in the position, to screw this up.

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