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Documentation of "Cap and Pay China"
Op-Ed not available why under submission
Claim 1: Initially, over three quarters of the “total abatement cost” will go toward
buying foreign “offsets,”
Based on slide 18 of EPA-1. Backcasting from 2015 is required and provided in a spreadsheet, but the 2015 values tell most of the story. There are three components to Abatement costs, and these are estimated by two models:
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Model: | ADAGE | . IGEM . | |
Domestic Covered Abatement Cost | $4 | $5 | |
Domestic Offset Abatement Cost | $2 | $1 | |
International Credit Payments | $17 | $16 |
In both models the total domestic cost is $6 billion $(2005).
International Credit Payments cover the cost of foreign offsets, and the average prediction is $16.5B. So the percent foreign = 16.5/(6+16.5) = 74%.
Because of the more rapid upward trend in domestic costs, this value is 77% in 2012.
References:
EPA-1, April 20, 2009. Preliminary Analysis of the, Waxman-Markey Discussion Draft.
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http://stoft.com/p/123.html | 03/12/10 12:57 GMT
Modified: Sun, 05 Jul 2009 22:12:42 GMT
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Amazon
China and India have nixed caps. Without these caps, Kyoto fails. What can be done?
Carbonomics explains "wrecking" the economy, "peak oil," caps, carbon taxes, and Kyoto.
About Carbonomics.
Get discount.
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