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Debunking the 2023 hike in the Social Cost of Carbon - Climate Etc.
by Ross McKitrick I have a new paper out in the journal Nature Scientific Reports in which I re-examine some empirical work regarding agricultural yield changes under CO2-induced climate warming. An influential 2017 study had argued that warming would cause large losses in agricultural outputs on a global scale, and this played a large role in an upward revision to the Biden Administration’s Social Cost of Carbon (SCC) estimate, which drives reg…
·Australia
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