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"By Philip Thornton, Economics Correspondent<br><br>
Published: 30 September 2006<br><br>
The cost of curbing the soaring emissions of harmful gases that are blamed for causing global warming has been estimated at $1 trillion by a major study of the cost of climate change.<br><br><br><br>
The volume of emissions of the gases that cause global warming will double by 2050 unless rich countries agree to take significant policy steps to cut energy use, it shows."<br><br><br><br><a href="http://news.independent.co.uk/environment/article1772355.ece" target="_blank">http://news.independent.co.uk/enviro...cle1772355.ece</a><br><br><br><br>
Considering our entire way of life and economics must change, that seems an optimistic estimate.
 

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<div class="quote-container"><span>Quote:</span>
<div class="quote-block">Originally Posted by <strong>Ludi</strong> <a href="/forum/post/0"><img alt="View Post" class="inlineimg" src="/img/forum/go_quote.gif" style=""></a><br><br>
The volume of emissions of the gases that cause global warming will double by 2050 unless rich countries agree to take significant policy steps to cut energy use, it shows.</div>
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<br><br><br>
People in the US: 300 million.<br><br>
People in the EU: 450 million.<br><br>
People in India: 1 billion.<br><br>
People in China: 1 billion.<br><br><br><br>
US per Capita GDP (PPP): $41,400.<br><br>
EU per Capita GDP (PPP): $26,900.<br><br>
India per Capita GDP (PPP): $3,320.<br><br>
China per Capita GDP (PPP): $7,200.<br><br><br><br>
For each ton of CO2 the EU emits, it produces about $3,700 worth of goods.<br><br>
For each ton of CO2 the US emits, it produces about $2,100 worth of goods.<br><br>
For each ton of CO2 India emits, it produces about $614 worth of goods.<br><br>
For each ton of CO2 China emits, it produces about $525 worth of goods.<br><br><br><br>
I see a problem developing. It won't be solved by reductions only in rich countries.<br><br><br><br>
PS: In the last 50 years, the US has tripled the real GDP per capita. What will China and India do in the next 50 years?
 
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