Cost of Icelandair pollution estimated at up to eighteen billion

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Cost of Icelandair pollution estimated at up to eighteen billion

The cost of Icelandair's direct carbon emissions last year is estimated to be between ISK 9 billion and ISK 18 billion, based on assumptions proposed by the World Bank when calculating the so-called shadow value of carbon. These are the criteria that the Icelandic government used when the University of Iceland's Institute of Economics was commissioned to calculate the costs and benefits of Iceland's climate action. Shadow value assessment...