US EditionPast CO₂ Emissions May Drive Far Bigger Future Economic Losses
Stanford researchers quantify trillions in global economic losses from major emitters since 1990, with future damages projected to be 10 times higher per ton of CO2 than past costs.
- On Wednesday, a Stanford University study published in Nature linked the United States to $10.2 trillion in global climate damages since 1990, with China and the European Union also identified as major sources.
- Researchers developed a quantitative framework linking warming temperatures to GDP, finding that emissions from Saudi Aramco caused $3 trillion in cumulative global economic damages between 1988 and 2015.
- Future climate costs from past emissions will be 10 times higher than previously incurred damages; one tonne of CO2 emitted in 1990 will cause $1,840 in damages through 2100.
- Lead author Marshall Burke stated the study provides scientific guidance but does not answer the "legal and ethical" question of compensation, as data excludes areas "poorly captured in GDP data."
- As a wave of lawsuits seeks accountability for climate "loss and damage," individual actions such as reducing driving by 10% could generate $6,000 in reduced future damages over a decade.
24 Articles
24 Articles
The economic cost of carbon dioxide emissions far exceeds previous market estimates.A study published this Wednesday in Nature magazine attributes to major greenhouse gas emitters the responsibility of trillions of dollars for global climate damage.Research measures the impact of human warming on the economy. Analysis divides damage between states and companies in the hydrocarbon sector. According to experts, US emissions between 1990 and 2020 t…
Climate Assumption Busted: Mega-Volcano, Falling CO₂
New research on the Emeishan large igneous province shows atmospheric CO₂ fell by about 50% during early volcanism, likely driven by increased weathering from crustal uplift, challenging assumptions that large volcanic events necessarily raise global CO₂ levels.
Daily Journal
Study links major polluters to big climate damages bill
The economic cost of carbon emissions is far higher than previously estimated, said a new study Wednesday that links big polluters to tens of trillions of dollars in climate-related damages worldwide.
Past CO₂ emissions may drive far bigger future economic losses
The economic damage yet to come from carbon dioxide emitted decades ago far exceeds the harm it has wrought so far, according to a new Stanford University study. The research, published in Nature, puts a dollar value on the harm done to individual nations and the world by carbon dioxide emitted over time by countries and major companies.
Researchers at Stanford University (California, United States) have made an analogy between greenhouse gas (GHG) emissions and garbage. Both are by-products of human activities. Both are causing serious problems to the planet. Both cause damage that can be quantified in dollars. Both have to be managed, but in both there are some who do not pay the bill and many others who suffer it. On this comparison, developed in Nature, the main reference of…
Coverage Details
Bias Distribution
- 43% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
