Category Archives: Economics

The Uncertainty Monster: Lessons From Non-Orthodox Economics

by Vincent Randall

A perspective on economists’ grappling with the ‘uncertainty monster.’

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Rethinking the Social Cost of Carbon

by Judith Curry

The Social Cost of Carbon is emerging as a major source of contention in the Trump Administration.

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Abnormal climate response of the DICE IAM – a trillion dollar error?

by Nic Lewis

Last week, a U.S. federal court upheld the approach that the government uses to calculate the social cost of carbon when it issues regulations [link].  The models appear to have seriously overestimated the social cost of carbon.

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Assessment of Approaches to Updating the Social Cost of Carbon

by Judith Curry

Some new analyses are shedding some light on deficiencies in the approach to estimate the social cost of carbon.

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Iatrogenic (?) climate policy

by Judith Curry

So, is the climate ‘cure’ worse than the climate ‘disease’?

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Will the President’s Clean Power Plan save consumers money?

by Dave Rutledge

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On August 3, President Obama declared that “under the Clean Power Plan, by 2030, renewables will account for 28% of our capacity,” and “will save the average American family nearly $85 on their annual energy bill in 2030.”

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Lomborg’s Senate testimony

by Judith Curry

Because   there   is   no   good, cheap   green   energy,   the   almost   universal  political  choices   have   been   expensive   policies   that   do   very   little. There   is   much   greater   scope   for   climate   policies to   make   the   total   climate   cost   greater   through  the   21st   century. – Bjorn Lomborg

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