The major premise of the International Monetary Fund’s carbon tax proposal is the concept of social cost. According to the IMF, fossil-fuel consumers do not pay for all the harm they do to public health and the environment. Hence, the IMF reasons, fossil energy is under-priced, society consumes too much of it, and corrective (“Pigouvian”) taxes are needed to achieve “efficient” energy markets.

The IMF acknowledges that social cost of carbon (SCC) “estimates in the literature have varied considerably, ranging from $12 per ton (Nordhaus, 2011) to $85 per ton (Stern, 2006).” The IMF’s “estimates assume damages from global warming of $25 per ton of CO2 emissions, following the United States Interagency Working Group on Social Cost of Carbon (2010), an extensive and widely reviewed study.”

Actually, the Interagency Working Group recommends that agencies use four SCC estimates to calculate the per-ton benefits of CO2 reductions: $5, $21, $35, and $65.…

“It’s high time that people’s safety – and truly devastating impacts on important bird and bat species – stopped taking a back seat to political agendas, crony corporatism, and folklore environmentalism.”

Georgia residents recently learned that a rare bat has stalled state highway improvements. The May 2012 sighting of an endangered Indiana brown bat in a northern Georgia tree has triggered federal regulations requiring that state road projects not “harm, kill or harass” bats.

Even the possibility of disturbing bats or their habitats would violate the act, the feds say. Therefore, $460 million in Georgia road projects have been delayed for up to eighteen months, so that “appropriate studies” can be conducted. The studies will cost $80,000 to $120,000 per project, bringing the total for all 104 road project analyses to $8–12 million, with delays adding millions more.…

Gina McCarthy, President Obama’s choice to replace Lisa Jackson at the U.S. Environmental Protection Agency, has been chastised for having lied to Congress, in claiming that EPA did not use “dangerous manmade climate change” to justify new 54.5 mpg standards for cars and light trucks. She’s also been implicated in the agency’s practice of using fake emails to hide questionable dealings and activities.

These issues highlight attitudes toward ethics, law and public policy that prevail at EPA and too many other government agencies. However, that attention should not distract from other important matters.

Ms. McCarthy may be the worst of the new nominees. In addition to her dishonesty, she helped devise onerous mercury and soot rules that employed junk science to shutter coal-fired power plants and kill thousands of jobs – and those vehicle mileage standards, which will force people to drive less safe cars that will cause millions more serious injuries and thousands more needless deaths every year.…

“Suggesting that renewables will let us phase rapidly off fossil fuels in the United States, China, India, or the world as a whole is almost the equivalent of believing in the Easter Bunny and Tooth Fairy.”

– James Hansen, Baby Lauren and the Kool-Aid, July 29, 2011.

Climate-change activist James Hansen speaks truth to power when he tells wind + solar = energy advocates “renewable energies are grossly inadequate for our energy needs now and in the foreseeable future.”  He adds: 

Recently I received a mailing on the climate crisis from a large environmental organization. Their request, letters and e-mails to Congress and the President, mentioned only renewable energies (specifically wind and solar power).

Such a request offends nobody, and it is worthless. Indeed, it is much less than worthless.