SUBSIDY for new CO2e emissions tops US$150 per ton


To all, (Please forward to your contacts) (Can we reach the politicians and media and the public?)

The citizens of the world are PAYING the fossil fuel industries to ADD more tons of Greenhouse Gases to the atmosphere. See the calculations below.

It is time to stop the subsidies!!!!

Even further, the providers of NEW CO2 emissions should be PAYING a “carbon fee and dividend” as proposed by the Citizens’ Climate Lobby (CCL) citizensclimatelobby.org/energy-innovation-and-carbon-dividend-act/

Paul S. Anderson psanders@ilstu.edu<mailto:psanders@ilstu.edu>

The following was prepared recently by Albert Bates to show the calculations to determine:

How much SUBSIDY is being paid to the fossil fuel businesses per ton of CO2e emissions.

Please distribute widely.
First posted by: Albert Bates <albert@thefarm.org<mailto:albert@thefarm.org>> at the biochar@yahoogroups.com<mailto:biochar@yahoogroups.com> listserv
on May 26, 2019.

For current global subsidies, I was using the IMF numbers, which are
also supported by Carbon Tracker and were reported in The Guardian in
2017
www.theguardian.com/environment/climate-consensus-97-per-cent/2017/aug/07/fossil-fuel-subsidies-are-a-staggering-5-tn-per-year

The reported number was $4.9 tn in 2013 and that rose to $5.3 tn in
2015. Taking that forward to 2019 (subsidies have accelerated, not
slowed, but I used a constant) I got $6.9 trillion. On the webinar I
rounded that to $7 tn.

Global emissions were 37.1 gigatonnes CO2 in 2018.
www.wri.org/blog/2018/12/new-global-co2-emissions-numbers-are-they-re-not-good

Divide 6.9 e12 by 37.1 e9 and you get $185.98 per ton. I used $150 just
to be conservative because if you use the validated 2015 number it would
be $142.85. This is what taxpayers pay emitters to make and release CO2.

I believe that emissions are understated because I believe fugitive
emissions are poorly accounted for. One could also make the case for
elevated permafrost and deforestation additions being anthropogenic. So
the calculation is still a bit squirrely, but it is in the ballpark.

Albert
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*************************************
Doc / Dr TLUD / Paul S. Anderson, PhD
Exec. Dir. of Juntos Energy Solutions NFP
Email: psanders@ilstu.edu<mailto:psanders@ilstu.edu> Skype: paultlud
Phone: Office: 309-452-7072 Mobile: 309-531-4434
Website: www.drtlud.com<www.drtlud.com>
See also: www.capitalism21.org<www.capitalism21.org> for insights about solutions