Drinking water: Carbon Pricing Revenues Could Close Infrastructure Access Gaps
Dr. Michael Jacob is a lead author for the study to find out the possibility of providing finance for all drinking water as soon as 2030. If just India had a carbon tax, there could be up to 115 billion US dollars a year raised and…
Dr. Michael Jacob is a lead author for the study to find out the possibility of providing finance for all drinking water as soon as 2030. If just India had a carbon tax, there could be up to 115 billion US dollars a year raised and just a small amount would be needed to clean the water, and the rest could go to electricity and sanitation. If studied further, only about 4% of the raised amount would be needed for the water.
On the downside, there are many countries in Sub-Saharan Africa where the low carbon emission will not be of any benefit. This is because they have such a low level of carbon emissions there would not be a financial gain. The main hope they have is that if they start using other methods, they will start to receive funding from other countries with large industries.
READ ALSO: First Time Ever Coal-Fired Plants Provide Less Electricity Than From Photovoltaic Panels
Share of carbon pricing revenues required to finance universal access to water infrastructure under domestic carbon pricing (i.e., without transfers between countries) for an average 2°C scenario. The darker the color, the higher the share, with dark purple shares exceeding 100%. White areas denote countries for which data are not available.
A variety of services were examined and alongside sanitation, electricity and water was roads and ICT. The details have just been published in the World development journal. There is an assumption made, and that is that each country will introduce the tax and have the amount increasing regularly. It needs to be $40US per tonne by 2020 and rapid growth over the following 20 years until it reaches $175 by 2030.
Additional money raised would be used to try reducing the level of global warming down to 2 degrees. Rising oil and gas prices will cause issues, but it is clear that just throwing money at fuel will not be the answer.
Related Coverage
- Massive Ice Shelves That Cling to the Edges of Antarctica are Breaking Apart
- Top 5 Ways to Make Use of the NBN
- Nuclear Power Use Needs to Increase if The USA is to Hit 2030 Target of Lowering The Carbon Footprint
- NASA is Developing Nuclear Reactors that Would Operate on the Planet Mars
- Actually, Oculus Headset Will Cost More Than $600
Don't miss new tech stories on Google
Add TrendinTech once in the Google app and our stories appear in your news suggestions.
Rachel Kowalski
Rachel Kowalski is the Cybersecurity Analyst at TrendinTech, where she covers vulnerabilities, ransomware, supply chain attacks, nation-state operations and the security rules shaping organizations in the United States and Europe. Before moving into journalism she worked as a threat intelligence analyst at a security vendor and later reported for CyberScoop and the security desk at Wired, covering the SolarWinds compromise and the ransomware wave that hit hospitals and pipelines. Rachel holds a Master of Science in Cybersecurity from the Georgia Institute of Technology and attends Black Hat and DEF CON in Las Vegas each year, where she follows research from the security community. She writes to make risks and countermeasures understandable to people who are not specialists.
All stories by Rachel Kowalski (214)