New tool directly links carbon emissions to amount of environmental and economic damage caused

The new Carbon Impacts Tracer tool allows for a direct calculation of the environmental and economic damage caused by carbon emissions across eight different factors. This includes lost food production, which is a significant concern for many countries. The tool provides a more relatable and understandable measure of the impact of emissions, making it easier for policymakers and the public to grasp the consequences of carbon emissions. This could lead to more informed decision-making and potentially influence the approval of large-scale projects like the HVO mine in New South Wales.

Why it matters

The new tool can help estimate climate impact from emissions, which can lead to increased awareness and action. This can result in more investment in renewable energy and sustainable practices, ultimately benefiting the environment and the economy.

Market impact

Transmission channels

Likely winners & losers

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