One Way To Slow Climate Change

If we are going to slow climate change, it means not extracting some of the fossil fuels that have been discovered in the ground.  How much?

The new study calculates that staying within a 2-degree carbon budget will require countries to leave 80 percent of coal, 50 percent of gas and 33 percent of global oil untouched until at least 2050. Those numbers are in line with previous estimates by the Intergovernmental Panel on Climate Change and the International Energy Agency, but this report takes the calculations a step further by accounting for which reserves are best exploited, and which are better off left untapped.

By: Stuart Shapiro

Stuart is a professor and the Director of the Public Policy
program at the Bloustein School of Planning and Public Policy at Rutgers
University. He teaches economics and cost-benefit analysis and studies
regulation in the United States at both the federal and state levels.
Prior to coming to Rutgers, Stuart worked for five years at the Office
of Management and Budget in Washington under Presidents Clinton and
George W. Bush.