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Flat White

Net zero emissions? That will be $3000 for each of you, each year

15 July 2021

2:34 PM

15 July 2021

2:34 PM

In a widely accepted assessment, Energy consultant Wood Mackenzie Ltd. estimate the carbon price must rise to $160 per ton by 2030 to restrict emissions to the “net-zero” level that the IPCC claims is necessary to hold global warming to 1.5 degrees celsius.  

In crude terms, for Australia with CO2 equivalent emissions at an annual 500 million tonnes, net CO2 neutrality means a cost of $80 billion a year, or over $3,000 per head.

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