Understanding Climate Risk

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Archive for February 16th, 2011

cost of abatement schemes

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Yesterday The Age published an estimate of the cost of greenhouse gas abatement programs detailing spending over the past decade (Climate cash goes up in smoke, Mark Davis and Lenore Taylor). In the online version, they haven’t included the table of costs, which I have reproduced here. Without knowing exactly how they cost per tonne of CO2 abated, it’s difficult to say anything with any great confidence, but the comparison between cheap and expensive programs is interesting.

The authors of the report benchmark these costs against a carbon price, which would be around $20 to $25 per tonne. They estimate that by 2020, these programs would deliver a 0.5% cut on 2000 emissions, one tenth of the current 5% target, which is itself miniscule in proportion to the risk we face from climate change. Read the rest of this entry »

Written by Roger Jones

February 16, 2011 at 9:35 am