A golden rule to understanding "carbon cost estimates" is that the price is always too high, and the costs always over estimated. In the latest case citing @BloombergNEF figures, the numbers are also cherry-picked to make emissions reduction policy look as expensive as possible.https://twitter.com/CroweDM/status/1120093720366288896 …
These "carbon cost" estimates always seem to ignore the benefits, profits or savings that will result. For instance:Heat pumps are often cheaper than heating with oil or gas, but the "cost" calculations ignore the savings which often result in profits. Focus on BCA, not cost.
