Calculating the “Social Cost of Carbon” with the GIVE Model: An EPA junk Model in support of junk science and climate change religion

Social cost itself is already a nebulous term used for ideological purposes!

Generally speaking, most climate models are junk! E.g. we still know very little about the very complex phenomenon climate.

"Over the past four years, the [46th President's] Administration relied extensively on integrated assessment models (IAMs) to quantify the economic effects of carbon-dioxide emissions via a construct known as the social cost of carbon (SCC). This Special Report examines one such model, the Greenhouse Gas Impact Value Estimator (GIVE). The authors closely examine the GIVE model and test its robustness under a variety of important assumptions, including specifications for discounting, time horizons, and climate sensitivity. They find the model’s estimates to be highly sensitive to these assumptions, thus making them highly susceptible to user manipulation. Consequently, lawmakers can—as the [46th President's] Administration did—manipulate the SCC by specifying assumptions that align with desired outcomes, thereby engaging in circular logic to produce and justify predetermined regulatory policies. As a result, the authors strongly advise lawmakers against using these models in regulatory policy."

Calculating the “Social Cost of Carbon” with the GIVE Model: An EPA Model Not Ready for Prime Time | The Heritage Foundation