Un­der-priced car­bon

The Star Malaysia - Star2 - - ECOWATCH -

Jour­nal. “Within two decades, the car­bon price should rise in real terms to US$82 to US$260 per tonne of CO2,” it added.

Such a price should limit the con­cen­tra­tion of green­house gases in the at­mos­phere to 425 to 500 par­ti­cles per mil­lion, the level re­quired to con­tain global warm­ing to 1.5°C to 2°C, said the re­port.

The study was co-au­thored by Stern’s col­league, Si­mon Di­etz, at the Gran­tham Re­search In­sti­tute on Cli­mate Change and the En­vi­ron­ment. It was re­leased a day af­ter the close of United Na­tions talks in Bonn on con­clud­ing a deal to curb green­house gas emis­sions. The pact is ex­pected to be signed in Paris in De­cem­ber 2015.

In April, the UN’s ex­pert In­ter­gov­ern­men­tal Panel on Cli­mate Change (IPCC) said the world can still limit global warm­ing to rel­a­tively safe lev­els, pro­vided an­nual emis­sions are cut by 40% to 70% by 2050. The panel

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