Table 3.
Region | Costs and benefits (billions of US dollars, discounted through 2055) |
|||
Change in damages | Abatement costs | Permit purchases | Net costs | |
United States | −51 | 328 | 228 | 505 |
European Union | −56 | 160 | 171 | 276 |
Japan | −12 | 44 | 64 | 96 |
Russia | −5 | 92 | −176 | −89 |
Eurasia | −4 | 62 | −150 | −92 |
China | −52 | 655 | −268 | 335 |
India | −54 | 185 | −1 | 130 |
Middle East | −47 | 123 | −134 | −57 |
Africa | −41 | 0 | 0 | −41 |
Latin America | −33 | 127 | 154 | 248 |
OHI | −18 | 96 | 48 | 126 |
Other | −42 | 188 | 64 | 209 |
World | −413 | 2,060 | 0 | 1,647 |
The table illustrates the regional asymmetry of the Copenhagen Accord. The estimates take the present value of abatement costs and averted damages using the capital-weighted international real interest rate. The last column is the sum of the first three columns. OHI, other high income.