Unfortunately, the problems with the Working Group’s estimates of the “social cost of carbon” aren’t limited to a suppression of discount rate reports. There are several other major problems, which the recent OMB document does not solve.
The “social cost of carbon” (SCC) is a key feature in the debate over climate change as well as the principal justification for costly regulations by the federal government. We here at IER and other critics have raised serious objections to the procedure by which the Obama Administration has produced estimates of the SCC.
