Posted in Day....

The future face of climate change on Earth day

The future face of climate change does not look pretty especially when the most sang carbon price climate change policies are not doing as much as they had promised. The European Union is silent despite the fact that the carbon price has fallen to 3 euros per tonne as Australia is on their carbon emissions. In the developing countries that are implementing programs like REDD this means that they ail end up doing much than the developed countries– cost wise. Their opportunity cost is higher. If the carbon price remains low, the emissions will continue and the developing countries will soon realise they are paying a higher cost from not deforesting. This means that the face of future climate change is more likely to be uglier than it is now.

 

Advertisements