$1,000,000,000,000: the cost of capping greenhouse gas emissions

By Philip Thornton, Economics Correspondent Published: 30 September 2006
(see more at) Independent
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. 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.The report, byPricewaterhouseCoopers, lays bare the potential damage to the environment of the industrial revolution in China and India. It puts a price of $1 trillion (£526bn) on the cost of sorting out the problem spread over the next generation. The bill is equivalent to a year's output of the economy of Canada, and less than half of the total stock of debt that has been built up by Britain's households. But it is less than the cost in terms of environmental catastrophe and loss of life that scientists fear will happen as temperatures and sea levels rise. "It is implicit from our findings that a trillion dollars certainly is a cost worth incurring," said John Hawksworth, the chief economist at PwC and author of the report.
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Don Quixote Note: At $191,722 per crapper that is equivalent to 5,215,886 CRAPPERS. or at $600,000 per roundabout that is only 1,666,667 speedbumps.