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by Matt Ridley
June 23, 2026
According to the BBC, climate change has become more alarming during the 21st century. What they once called global warming they now call global heating; what they once called climate change they now call the climate crisis. If it is a crisis, then official estimates of the damage that climate change has done and will do if the models prove accurate should be easy to obtain.
They are not.
The technical term for this damage is “the social cost of carbon”, meaning the net value in dollars of harm done today and in the future by each tonne of extra carbon dioxide added to the atmosphere. This includes damage to people’s living standards, to infrastructure, to peace of mind, to the natural environment, to everything.
Yet here is a strange thing. The British Government, thou…



