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