Study: Global warming could yield $11.6 trillion in increased crop production

Could global warming be a boon to farmers? A recent study found that rising carbon dioxide concentrations bestow an additional $11.6 trillion in benefits from crop production between now and 2050.

The Center for the Study of Carbon Dioxide and Global Change found that while many studies focus on the costs of rising carbon emissions, few studies focused on whether or not more carbon in the atmosphere could be beneficial to society.

In fact, the Obama administration recently raised its social-cost-of-carbon estimate from $21 per metric ton to $35 per metric ton to the ire of global warming skeptics and Republicans. The estimate reflects how much each ton of carbon emitted costs the U.S. economy.

Read more: http://dailycaller.com/2013/10/19/study-global-warming-could-yield-11-6-trillion-in-increased-crop-production/#ixzz2jJEwUsg4