http://www.nytimes.com/2013/09/11/business/counting-the-cost-of-fixing-the-future.html
Interesting article navigating the SCC (social cost of carbon) issue, critical measure for evaluating the applicability of any mitigation action/technology. One revealing quote from Nordhaus: “Investments in reducing future climate damages to corn and trees and other areas should compete with investments in better seed, improved rotation and many other high-yield investments.” If investments in CO2 abatement are not competitive, we would do better by investing elsewhere and using the proceeds to cover warming’s damage. We would still have money left over. Professor Nordhaus says he prefers a 4 percent discount rate. Using it in “A Question of Balance,” he calculates that the optimal carbon tax comes in at around $11 per ton of CO2. Greg -- You received this message because you are subscribed to the Google Groups "geoengineering" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/geoengineering. For more options, visit https://groups.google.com/groups/opt_out.
