Social-Environmental true multiple accounts costing of Carbon damages are thought to be on order of mean average of USD $65 per ton, yet would be as much as double that if Climate Change predictions are too positively optimistic. But O&G industry, corporate trans-nationals have a different take citing a figure around $13.50 per ton CO2 emissions generated. Quote" "Most cost estimates clustered between 1 and 2 percent of the world’s gross domestic product (estimated at about $85 trillion today), if temperatures were to increase 2.5 degrees Celsius (4.5 degrees Fahrenheit) above the preindustrial era. A more recent estimate by William D. Nordhaus of Yale, the foremost American economist studying climate change, concluded that allowing uncontrolled carbon emissions would raise temperatures above the preindustrial era by 3.4 degrees Celsius (6.1 degrees Fahrenheit) by the end of the century and cost the world 2.8 percent of G.D.P. in 2095.If damages were higher than expected, the government said the social cost of carbon could rise sharply — to a whopping $123 per ton of CO2. unquote. With such a large disparity between scientists + big business plus energy tycoons, can consensus be met on pricing social-environmental costs of Carbon for taxation? nytimes/2013/09/11/business/counting-the-cost-of-fixing-the-future.html?ref=energy-environment
Posted on: Sat, 14 Sep 2013 18:56:57 +0000
Trending Topics
Recently Viewed Topics
© 2015