Climate costs ‘may prove much higher’ | Climate News Network
▻http://www.climatenewsnetwork.net/2014/04/climate-costs-may-prove-much-higher
There may be a higher price for our descendants to pay for the greenhouse gas build-up, researchers say, as the real costs are updated.
LONDON, 16 April – Economists and scientists may have seriously underestimated the “social cost” of carbon emissions to future generations, according to a warning in Nature.
Social cost is a calculation in US dollars of the future damage that might be done by the emission of one metric ton of carbon dioxide as greenhouse gas levels soar and climates change, sea levels rise and temperature records are broken in future decades.