2. Climate Damages are Based on Faulty Climate and Economic Models
2,385 views · Published 10 February 2015 · 2:15 · Indexed 26 September 2026
Channel: Friends of Science · 2015 · Education
Ross McKitrick, professor of economics at the University of Guelph and co-author of “Taken by Storm” explains that the Social Costs of Carbon are determined by using “IAMs” – Integrated Assessment Models. However these are calibrated to climate models, which are faulty, meaning that the IAMs are reporting exaggerated Social Costs of Carbon, unrelated to empirical evidence on global temperatures, resulting in unrealistic, ‘infinitely large damages’ from a single tonne of CO2 emissions.”
