Steps Toward a Cooler Greenhouse

Abstract

In April a committee of the National Academies of Science and Engineering and the Institute of Medicine urged the Bush Administration and Congress to begin cutting emissions of greenhouse gases immediately. The risk of delay is great, and the cost of insurance against disastrous climate warming is cheap. Now the committee's panel on mitigation has issued a 500-page report describing just how cheap that hedge against a climate calamity could be. The panel found that it would not be unreasonable to expect that a 25% reduction in US greenhouse gas emissions might be achieved at a cost of less than $10 per ton of carbon dioxide or its equivalent in other greenhouse gases. In more familiar terms, that considerable reduction in greenhouse emissions would cost about $4.75 for each barrel of oil burned or $0.11 per gallon of gasoline. The most cost-effective measures for reducing emissions, are increasing the energy efficiency of residential and commercial buildings and activities, vehicles, and industrial processes that use electricity.