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Posted Thu Sep 20 2012: from New York Times:
The Social Cost of Carbon: How to Do the Math?
Instead, they decided, all of the agencies would use the same baseline of $21 per ton as the standard in monetizing the social costs of the seven-plus billion tons of carbon generated by American power plants, vehicles and factories each year. But a new paper published in the Journal of Environmental Studies and Sciences concludes that the costs of carbon pollution and related climate change are vastly greater -- possibly two to 12 times as much. The problem, the authors argue, is that the federal government is not adequately taking into account the impacts of climate change on future generations.
[Read more stories about: economic myopia, short-term thinking, carbon emissions]

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'Doc Jim says:
The future is just tomorrow's today. Can't we just agree the future doesn't exist?

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