17 Sep '12, 1pm

US Underestimates Costs of Carbon Pollution and Climate Change, Study Finds

US Underestimates Costs of Carbon Pollution and Climate Change, Study Finds

“With approximately 40 percent of all carbon emissions in the U.S. coming from power plants, the economic advantages of clean electricity sources are significant,” she said. Johnson, who co-authored the study with Chris Hope (University of Cambridge, Judge Business School), “The Social Cost of Carbon in U.S. Regulatory Impact Analyses,” (http://www.springerlink.com/content/863287021p06m441/fulltext.pdf ), said the model used by the government is incomplete because it all but ignores the economic damages that climate change will inflict on future generations. That model was the product of an interagency task force comprised of six cabinet agencies and six executive branch offices.

Full article: http://cleantechnica.com/2012/09/17/us-underestimates-cos...

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