13 Jul '11, 1pm

PRESS RELEASE: New Report Highlights Weaknesses in Government’s Cost-Benefit Analysis of Climate Change

“Social Cost of Carbon” report shows how current models do not accurately measure real harm from climate change A new report on the “social cost of carbon” identifies significant weaknesses in current cost-benefit analyses that do not adequately measure the real harm inflicted from climate change. The report, “More than Meets the Eye: The Social Cost of Carbon in U.S. Climate Policy, in Plain English,” released by the World Resources Institute and the Environmental Law Institute , examines how current government models often include judgment calls and assumptions that are hidden from policymakers and the public, and that underestimate the benefits from taking action to control greenhouse gas emissions. “Cost-benefit analysis can be an important tool to assist government decision making, but thorny issues arise when you apply this approach to climate change,” said Ruth Gree...

Full article: http://www.wri.org/press/2011/07/press-release-new-report...

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