Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

Green Car Congress

Climate economist Richard Tol, a lead author for the UN climate panel, determined that to cut carbon emissions enough to meet the 2 ° goal, the leading industrial nations would have to slap a huge tax on carbon-emitting fuels—one that by the end of the century would reach something on the order of US$4,000 per metric ton of carbon dioxide, or US$35 per gallon of gas (US$9 per liter). According to Tol, the impact of a tax hike of this magnitude could reduce world GDP 12.9%

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