28 Feb '16, 3pm

Increasing The Cost Of Carbon Is Critical For Climate Control

Increasing The Cost Of Carbon Is Critical For Climate Control

The bottom line is that the carbon dioxide created when fossil fuels are consumed is accelerating the rise in global average temperatures. Higher temperatures are melting glaciers and polar ice caps, which leads to rising sea levels. Those higher waters threaten most of the world’s major cities. What will be the cost of protecting them from the ravages of sea water? No one knows the answer precisely, but the opening estimates are in the trillions and go up sharply from there. Americans don’t want to pay 25 cents a gallon more for gasoline under the president’s plan to add a carbon fee of $10 a barrel on oil ? Imagine how they will scream when New York City ask for $5 trillion to keep the ocean from flooding Wall Street?

Full article: http://gas2.org/2016/02/28/increasing-the-cost-of-carbon-...

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