13 Jul '11, 5pm

One Ton of CO2 Emission Equals $900 Climate Damage

For related articles and more information, please visit OCA's Environment and Climate Resource page , Organic Transitions page , and our Politics and Democracy page . Uncle Sam's estimate of the damage caused by each ton of carbon dioxide is fundamentally flawed and "grossly understates" the potential impacts of climate change, according to an analysis released Tuesday by a group of economists. The study found the true cost of those emissions to be far beyond the $21 per ton derived by the federal government. The figure, commonly known as the "social cost of carbon," is used by federal agencies when weighing the costs and benefits of emissions-cutting regulations, such as air conditioner efficiency standards and greenhouse gas emissions limits for light trucks. A truer value, according to the Economics for Equity and the Environment Network, an organization of economists w...

Full article: http://www.organicconsumers.org/articles/article_23603.cfm

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