The cost of greenhouse insurance
Journal Article
·
· EPRI Journal (Electric Power Research Institute); (United States)
OSTI ID:6833974
Concern that CO[sub 2] and other greenhouse gases may adversely affect the earth's climate patterns has focused international attention on the possibilities for reducing the emission of these gases worldwide. The EPRI-developed Global 2100 model estimates that the costs of significantly reducing CO[sub 2] emissions - that is, paying the premium for greenhouse insurance - would be substantial. For example, the emission reduction targets put forth at the so-called Earth Summit held earlier this year in Rio could ultimately cost developed countries several percent of annual gross domestic product, and this reduction level would still not stabilize atmospheric concentrations of CO[sub 2]. The Global 2100 analysis also highlights the importance of timing. Allowing more time for the introduction of advanced technologies and carefully managing the transition away from fossil fuels would reduce costs significantly with little change in cummulative emissions over the next century. Increased electrification is also seen as a key to lower-cost carbon emission reduction.
- OSTI ID:
- 6833974
- Journal Information:
- EPRI Journal (Electric Power Research Institute); (United States), Journal Name: EPRI Journal (Electric Power Research Institute); (United States) Vol. 17:8; ISSN 0362-3416; ISSN EPRJDS
- Country of Publication:
- United States
- Language:
- English
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