Fossil fuels facilitated industrial revolutions, launched the modern world, and ensure livelihoods, living standards, health, and longevity. Over the past 200 years, largely because of hydrocarbon energy, human populations increased eight-fold, average incomes rose eleven-fold, and global life expectancy more than doubled. Share the facts at CFACT.org: cfact.org/2014/03/20/carbon-benefits-trump-costs-by-up-to-500-to-1/ The benefits of using carbon-based fuels outweigh any hypothesized “social carbon costs” by orders of magnitude: 50-to-1 (using the inflated 2013 SCC of $36/ton of CO2) – and 500-to-1 (using the arbitrary 2010 $22/ton estimate). In fact, any cost estimate is lost in the “statistical noise” of carbon and CO2 benefits. If the world is serious about increasing or maintaining economic growth, living standards and access to affordable energy, fossil fuels are essential. Restrictions on hydrocarbon energy and faulty carbon cost analyses will undermine progress in all these areas.
Posted on: Sun, 23 Mar 2014 23:19:17 +0000
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