by W. Essenbach, Oct 14, 2021 in WUWT
I read today that the EU is using an estimate of US$68 per tonne of CO2 emissions for the purported cost of the damages done by CO2. This is known by a Newspeak term as the “Social Cost Of Carbon”.
It made me wonder—using this estimate, what is the overall total estimated damage done by humans from emitting CO2?
The answer is $97 TRILLION dollars since 1950.
YIKES! That’s about five times the 2020 US Gross Domestic Product (the value of everything produced in the US during that year).
So I thought I’d take a look at the various largest weather-related disasters. I got the big-disaster data from Wikipedia here and arranged it by type of disaster. All values are in 2020 dollars, that is to say, they’re adjusted for inflation. Here is the result.