William M Connolley wrote:
>
> On Wed, 13 Jun 2007, James Annan wrote:
>> Time for a bit of transatlantic perspective: petrol prices in the UK are
>> currently over $9/gallon. OK, that's a bigger gallon. But still...it's
>> close.
>>
>> People might like to work out the effective "carbon tax" on petrol in
>> the UK too...
>
> I've seen it done, its well above whats required for climate purporses I
> recall... it was on Tim Worstalls blog I think.
Well I meant it semi-rhetorically, but the current tax is about 60p
($1.20) per litre, which contains about 600g of carbon, which by my
calculation makes UKP1000 ($2000) per tonne. Multiply by 3 1/3 to get it
in terms of CO2. Worth thinking about when you hear the claims that $20
or even $100/t will shut down the world economy/greatly reduce usage
(delete as applicable).
Of course other fossil fuel usage may turn out to be substantially more
price elastic than transport has proved to be.
James
--~--~---------~--~----~------------~-------~--~----~
You received this message because you are subscribed to the Google Groups
Global Change ("globalchange") newsgroup. Global Change is a public, moderated
venue for discussion of science, technology, economics and policy dimensions of
global environmental change.
Posts will be admitted to the list if and only if any moderator finds the
submission to be constructive and/or interesting, on topic, and not
gratuitously rude.
To post to this group, send email to [email protected]
To unsubscribe from this group, send email to [EMAIL PROTECTED]
For more options, visit this group at
http://groups.google.com/group/globalchange
-~----------~----~----~----~------~----~------~--~---
