BHP Billiton believes that it will not be possible to contain the increase in temperature to just 2 degree centigrade.
8The company's modeling has shown that the increase will be in the region of 3 degrees.
8The multinational is now looking at a 20-year plan based on the central based on such a temperature increase and after taking into account shock events to test the resilience of its portfolio of assets across a range of possible futures.
8The evaluation of the assets are determined by what will the cost attributed by governments to carbon emissions. One estimate is that the average price will reach US$50/tCO2-e by 2030. This reflects key global economies such as China, the United States and the European Union going beyond their current climate commitments and significantly increasing demand for long-term emissions reductions. The higher ambitions are matched by stronger policy support to help deliver emissions reduction potential.
8In the unlikely and extreme shock event, the carbon price rises up to US$80/tCO2-e by 2030, driven by very ambitiousgovernment targets.
8Carbon markets are currently limited but if there is a global accord, such markets are likely to expand.
For more details visit indianpetroplus.com
8The company's modeling has shown that the increase will be in the region of 3 degrees.
8The multinational is now looking at a 20-year plan based on the central based on such a temperature increase and after taking into account shock events to test the resilience of its portfolio of assets across a range of possible futures.
8The evaluation of the assets are determined by what will the cost attributed by governments to carbon emissions. One estimate is that the average price will reach US$50/tCO2-e by 2030. This reflects key global economies such as China, the United States and the European Union going beyond their current climate commitments and significantly increasing demand for long-term emissions reductions. The higher ambitions are matched by stronger policy support to help deliver emissions reduction potential.
8In the unlikely and extreme shock event, the carbon price rises up to US$80/tCO2-e by 2030, driven by very ambitiousgovernment targets.
8Carbon markets are currently limited but if there is a global accord, such markets are likely to expand.
For more details visit indianpetroplus.com
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