Well, of course we like to think not. The IPCC 2007 report was exhaustively researched and fairly comprehensive. New studies continue to come out that improve on the models, of course. Since we don’t know everything, it’s really impossible to say whether our models underreport or overreport our GHG emissions. The models are generally regarded to be pretty good, so it’s likely we’re pretty close to the actual emissions.
I forgot to add the citation: http://www.ipcc.ch/
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