Economic cost of climate change underestimated, study finds
The economic damage caused by a tonne of carbon dioxide emissions could be six times higher than previously calculated, according to scientists at Stanford University.The value of this damage, also known as the social cost of carbon, is used to calculate the costs and benefits of action to mitigate climate change. “If the social cost of carbon is higher, many more
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The Bulletin of the Atomic Scientists has today moved the Doomsday Clock forward from 100 to 90 seconds till midnight – the closest it has been since the clock’s inception in 1947.
The UK government’s progress on delivering its 25-year plan to improve the environment has “fallen far short”, with many “extremely worrying” trends remaining unchecked, the Office for Environmental Protection (OEP) has warned today.
One of the world’s leading climate physicists has again called for new regulation forcing the fossil fuel industry to carry out large-scale carbon capture and storage (CCS).