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This paper argues that the costs of climate change are

Oct. 30, 2018 by Kenneth Newton

This paper argues that the costs of climate change are likely to exceed the costs of SCC. It’s possible to put the cost of carbon in context: to put the cost of SCC into context, you’ve to assume that everyone in the world will contribute $100 billion per year to the world's population.

In other words, for every dollar you contribute, you’ve to contribute $100 billion a year. But if you’ve contributed $100 billion a year, you’ve also contributed $70 billion a year.

That is, if you ’ve contributed $70 billion a year, you’ve put together a $100 billion carbon budget.

That, of course, isn’t what the US is doing. This is the third paper in a series by Andrew Zwiering and Peter Holmquist , published earlier this year, which tries to reconcile the costs and benefits of climate change with the actual costs of reducing emissions.

The main idea is that the impacts of climate change depend on each country contributing to reducing the amount of carbon it can burn. In other words, if you’ve given $200 billion a year to help clean up the planet, you’ve also contributed $100 billion a year to reducing the amount of carbon it can burn in the future.

This is the same kind of thing as using the United Nations Framework Convention on Climate Change to reduce greenhouse gases . But instead of using these tools to help create a better world, Zwiering and Holmquist say that the world is more likely to be burning more carbon in the future, and that the costs of climate change will be higher than they used to be in the past.