>What Kyoto means for personal incomes: a reduction of two thirds!
This, presumably, on the basis of the following computation:
>...Meanwhile, power companies now offer clean electricity for sale
>at a premium of 0.25p per kWh. This equates to about £6 per tonne of
>carbon dioxide avoided. So a permit to emit one tonne of carbon
>dioxide seems to be worth about £6 today. On this basis, I owe my 22
>counterparties about £130 between them.
>
>What would happen if we all did this? Our payment for permits to
>cover the 300m tonnes of carbon dioxide emitted from the UK each
>year in excess of our individual Kyoto "fair shares", would amount
>to £1.8bn, or about 0.2% of the UK's GDP....
1/500 is a little bit less than 2/3, wouldn't you say? In reality, the switch to a hydrogen economy (a matter of making the right investments and exploiting very modest improvements in now-available windmill, photovoltaic, and fuel-cell technologies) plus transition to widespread organic farming à la Cuba would in and of itself result in big increases in real living standards everywhere.
Shane Mage
"Thunderbolt steers all things."
Herakleitos of Ephesos, fr. 64