This presentation assesses the benefits of CO₂ and compares these to estimates of the social cost of carbon (SCC) that have been published by the Federal government.  CO₂ is the basis of life on Earth, and the successful development of fossil fuels, which generate CO₂, facilitated successive industrial revolutions, created the modern world, and enables the high quality of life currently taken for granted.  There is a strong causal relationship between world GDP and CO₂ emissions over the past two centuries, and this relationship is forecast to continue for the foreseeable future.  We compare the CO₂ costs and benefits (on a normalized per ton basis) using the SCC estimates and find that the current and future CO₂ benefits clearly outweigh any hypothesized costs by, literally, orders of magnitude.