Achieving Tolerable Climate: Jonathan Lamontagne
Tolerable climate and economic conditions
Lamontagne's study defines tolerable economic conditions as follows: the present value of abatement costs would not exceed 3% of gross world product and climate damages would not exceed 2% of gross world product. Current gross world product is estimated to be$80trillion, so 3% of that would be $2.4 trillion. Although this a large dollar amount, it would be a reasonable investment as a percentage of gross world product. Tolerable climate is defined as limiting warming by 2 degrees Celsius by 2100.
Robust Abatement
Abatement costs that range between 3%…
The skinny
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