Posts tagged…Mitigation
Garnaut Review Economic Model
Fri, Sep 05 2008
On a quick first reading of the supplementary report, this seems to be the key data related to the modeling results. For the more moderate 550ppm CO2 objective, the costs of a 10% cut in 2000 carbon emissions to 2020 are estimated at 1.1% of GDP (1.8% cut to consumption) comprising a net decrement of about 0.1+% of GNP per year. In other words, the expected net benefits are somewhere toward the…
Read more…Designing a carbon tax
Wed, Aug 06 2008
"Experts" are struggling for space in the media to peddle designs for a carbon "pollution" reduction tax. Paul Kelly in the Australian newspaper seems to approve a proposal by Geoff Carmody of Access Economics for a consumption tax in place of a cap-tax-equivalent on production of Australian carbon.
"'Australia can only control its consumption of emissions,' he says. 'Attempts to control…