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.

…