Recently I pointed out that with Canada’s current social cost of carbon, the impacts of our oil, gas, and coal industries, about $250 billion CAD annually, are $85 billion CAD more than the annual revenues of those industries. We seem to be subsidizing climate destruction quite a bit. I also … [continued]
What is the social cost of carbon and how does it effect you?
The true “social cost of carbon” is more than double earlier estimates — with even just an updated accounting of the agricultural sector on its own more than doubling earlier estimates in aggregate — according to a new analysis from the University of California—Davis and Purdue University.
The social cost of carbon is the number that undergirds all federal climate protections. It is the cost of damages incurred by carbon dioxide — the heat-trapping gas seeping from cars, planes and power plants that’s wreaking havoc on the climate.
Originally published on Climate Progress. By Samantha Page Climate change costs an incredible amount of money. Whether it is deaths during heat waves, reconstruction after a superstorm, or even lost revenues at ski slopes, rising temperatures and increased extreme weather events are costing the economy. In fact, Citibank reported earlier … [continued]
A new Stanford University study pegs the social cost of carbon at $220/ton, 6x higher than U.S. estimates, and a potential trillion-dollar economic threat.
Originally published by The Climate Reality Project It’s just common sense. Each year, here in the U.S., we generate a certain amount of carbon pollution. And each year, climate change driven by carbon pollution impacts our lives in all kinds of waysfrom flooded homes to higher insurance rates, each of which … [continued]
Which companies are most heavily linked to CO2 emissions? The ignominious winner is the most prominent group of carbon majors — the world’s largest oil, gas, coal, and cement producers. They are the primary drivers of climate pollution. A new report by InfluenceMap using the iconic Carbon Majors database quantifies … [continued]
The EPA will provide $2 billion in funding from the IRA to Power Forward Communities to lower emissions from American homes and businesses.
The results are aligned with what’s obvious to anyone who has done bottom-up estimates with realistic perspectives on batteries and hydrogen.
