Maximilian Auffhammer at the Energy Institute at Haas reviews a new paper that suggests CO2 causes over three times as much damage in dollar terms as the figure currently used by the US government, $51 per ton. The new study shows $185 per ton of CO2 as the Social Cost of Carbon (SCC). The updated model is superior to previous models, says Auffhammer. It’s also open source, so anyone can use it, criticise it, and tweak the numbers to get … [Read more...]
“New Collective Quantified Goal”: how much should rich nations pay developing nations for climate mitigation?
Is the $100bn a year promised by rich nations to developing ones to assist their climate mitigation plans enough? Almost certainly not, explains Mahlet Eyassu Melkie at Rocky Mountain Institute. That number was pretty much plucked out of the air for political reasons. To come to an evidence-based number, a great deal of assessment, analysis and finally agreement is needed internationally. That process is called the New Collective Quantified Goal … [Read more...]
