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The Cost of Cooling the Climate
Aug. 14th, 2007 06:14 pmhttp://www.reason.com/news/show/121926.html
...the present value of climatic damages is $22.6 trillion...
...the Stern proposal for rapid deep cuts in greenhouse gas emissions would reduce the future damage from global warming by $13 trillion, but at a cost of $27 trillion dollars. That's not a good deal. For an even worse deal, the DICE-2007 model estimates that the Gore proposal would reduce climate change damages by $12 trillion, but at a cost of nearly $34 trillion...
A more optimistic scenario envisions the invention of a low cost zero-carbon technology. Such a technology would have a net value ...of around $17 trillion in present value...
...the present value of climatic damages is $22.6 trillion...
...the Stern proposal for rapid deep cuts in greenhouse gas emissions would reduce the future damage from global warming by $13 trillion, but at a cost of $27 trillion dollars. That's not a good deal. For an even worse deal, the DICE-2007 model estimates that the Gore proposal would reduce climate change damages by $12 trillion, but at a cost of nearly $34 trillion...
A more optimistic scenario envisions the invention of a low cost zero-carbon technology. Such a technology would have a net value ...of around $17 trillion in present value...
