Carbon tax of $200/t would only marginally cut global oil emissions -study

Published 17:44 on July 26, 2019  /  Last updated at 17:44 on July 26, 2019  /  Africa, Americas, Asia Pacific, Australia, Carbon Taxes, EMEA, International, South & Central  /  No Comments

A global CO2 tax of $200 per tonne would only reduce GHGs from oil production by 4% over the next century, as the price would not be high enough to make a large dent in existing and undiscovered reserves, according to new research.

A global CO2 tax of $200 per tonne would only reduce GHGs from oil production by 4% over the next century, as the price would not be high enough to make a large dent in existing and undiscovered reserves, according to new research.

A Carbon Pulse subscription is required to read the full article. Subscribe today to access our unrivalled news and intelligence, as well as our new premium content. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.

Comment