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The Challenge of Global Warming for the Global Economy - GFDRR

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What do carbon prices mean in practice?<br />

Carbon tax,<br />

2010 Increase, price <strong>of</strong> energy, US<br />

[$/tC]<br />

Gasoline<br />

All energy<br />

expenditures<br />

Kyoto: global average $2 0.2% 0.3%<br />

"Optimal" 35 3.3% 5.4%<br />

Climate constrained 50 4.8% 7.7%<br />

Gore/Stern 200 19.0% 30.7%<br />

13

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