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[15] [16] [17] Direct global fossil fuel subsidies reached $319 billion in 2017, and $5.2 trillion when indirect costs such as air pollution are priced in. [18] In other areas, the cost of climate change mitigation may divert resources away from other socially and environmentally beneficial investments (the opportunity costs of climate change ...
The social cost of carbon (SCC) is the marginal cost of the impacts caused by emitting one extra tonne of carbon emissions at any point in time. [1] The purpose of putting a price on a tonne of emitted CO 2 is to aid policymakers or other legislators in evaluating whether a policy designed to curb climate change is justified.
Carbon pricing (or CO 2 pricing) is a method for governments to mitigate climate change, in which a monetary cost is applied to greenhouse gas emissions.This is done to encourage polluters to reduce fossil fuel combustion, the main driver of climate change.
By 2050, the yearly cost of climate change to the federal government could rise by $12 billion to $35 billion per year, the GAO says.
Failing to act on climate change, climate experts warn, will cost even more money. So we tried to calculate just how much.View Entire Post ›
A prominent developing-world leader on the issue of climate change said Monday that global taxes on the financial services, oil and gas, and shipping industries could drum up hundreds of billions ...