Models ‘grossly underestimate’ costs of global warming
Lord Stern, the British Academic who prepared the “Stern Review” on global warming for Prime Minister Tony Blair, has just claimed a carbon price of up to $260 / ton is required to prevent dangerous global warming.
Lord Stern, the British Academic who prepared the “Stern Review” on global warming for Prime Minister Tony Blair, has just claimed a carbon price of up to $260 / ton is required to prevent dangerous global warming.
“The risks are in fact likely to be so large that a globally coordinated carbon price of $US32-$US103 ($34-$110) per tonne of emissions is needed as soon as 2015 to prevent the temperature increase from exceeding 2 degrees of pre-industrial age levels, said Lord Stern and co-author Simon Dietz, from the UK’s Grantham Research Institute.
Within two decades, the carbon price will need to almost triple in real terms to $US82-$US260 a tonne, the two researchers say in their paper to be published in The Economic Journal.”
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$260 / ton for carbon – the price of salvation | Watts Up With That?
smart man, he'd make a good president
Within two decades, the carbon price will need to almost triple in real terms to $US82-$US260 a tonne, the two researchers say in their paper to be published in The Economic Journal.”
read more
$260 / ton for carbon – the price of salvation | Watts Up With That?
smart man, he'd make a good president
