Carbon Debt and Developed Countries A new set of calculations support the notion that the main reason for a warming climate is the historical greenhouse-gas emissions of developed countries; 41-47% of the costs are due to the cumulative emissions of carbon dioxide from the USA and the EU alone. On the other hand, the emissions of the big four major contributors account for only 57-59% of the total cumulative costs, leaving over 40% to the rest of the world, supporting the need for a global treaty put forward by developed countries. The starting point for such treaty could be a mutual debt cancellation, developed countries carbon debts offsetting developing countries conventional monetary debt, leaving the dispute about historical responsibility behind. [Counting carbon: historic emissions from fossil fuels, long-run measures of sustainable development and carbon debt, an article by Jan Kunnas and his colleagues from various Universities in the UK and New Zealand in the Scandinavian Economic History Review examined how to incorporate the environmental effects of fossil fuel use into the national accounts and measures of sustainability. See the full article at: tandfonline/doi/pdf/10.1080/03585522.2014.896284
Posted on: Mon, 07 Jul 2014 05:55:31 +0000
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