Friday, August 02, 2013

Current Wisdom: We Calculate, You Decide: A Handy-Dandy Carbon Tax Temperature-Savings Calculator | Cato @ Liberty

Current Wisdom: We Calculate, You Decide: A Handy-Dandy Carbon Tax Temperature-Savings Calculator | Cato @ Liberty: "Assuming the IPCC’s value for climate sensitivity (i.e. disregarding the recent scientific literature) and completely stopping all carbon dioxide emissions in the U.S. between now and the year 2050 and keeping them at zero, will only reduce the amount of global warming by just over a tenth of a degree (out of a total projected rise of 2.619°C between 2010 and 2100).

If you think that a rise of 2.482°C is vastly preferable to a rise of 2.619°C then all you have to do is set the carbon tax large enough to drive U.S. emissions to zero by mid-century"

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