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

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

Published 18:44 on July 26, 2019  /  Last updated at 18:44 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.

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