Putting the Damage in Perspective
Posted in Environment, Market Failures, Regulation on Aug 29th, 2011
According to this figure, global carbon dioxide emissions last year amounted to about 30.4 billion tons. The US contribution was slightly more than 5 billion tons. The IPCC estimates that the damage caused by a ton of CO2 is roughly $25. Putting these together, it seems to be that the annual damage* caused by CO2 […]
