Halving CO2 emissions by 2050: New report says it will cost $2 trillion a year

A new report from Imperial College London looks at what measures are required to reduce CO2 emissions and limit the extent of man-made climate change. The researchers have considered what technologies and interventions are required to limit these global CO2 emissions from human activity to 15 Giga-tonnes per year by 2050, a level that many studies show could help to limit global warming to around two degrees Celsius above pre-industrial levels. Their report concludes that reaching this target will cost $2 trillion per year by 2050, which is about one per cent of the world's GDP in 2050, and considerably less than this if fossil fuel prices increase with time.

Source: Imperial College, 19 September 2013

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