The price of carbon is y = Lx / C
- Dec 6, 2018 3:03 pm GMT
Using this simple equation, Dollar-based climate losses for Mexico, Brazil, Chile, Colombia and Peru are compared with those for China and the US in Dollars per tonne CO2 - not just tonnes CO2
Financial metrics applied to economic scenarios are invaluable for assessing the risks associated with climate change at global, national and city levels. Using data derived from the actual loss and damage costs attributable to manmade climate change triggered by fossil fuel burning since 1750, we published the world’s first, scientific carbon pricing methodology in our book ‘Predicting The Price Of Carbon’ by my colleague Richard H. Clarke, Director (Research) at Predict Ability Ltd (PAL).
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