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

We use cookies to improve your website experience and to analyse our traffic. We also share non-personally identifiable information about your use of our site with our analytics partners. By continuing to use our site, you agree to this. More information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close