Not all greenhouse gases are created equal.
And the IPCC wants the citizens of the countries foolish enough to bow down to their terms and conditions on how to curb greenhouse gases to cough up more for other more dangerous gases that CO2.
For example based on IPCC data on how to tax other gases inclusive with the carbon tax or ETS the IPCC hve assigned different values to different gases eg,
1. A single tonne of methane is calculated as 21 tonnes of carbon dioxide-equivalent gases (CO2-e).
2. Nitrous oxide is 310 times more potent than carbon dioxide
3. Sulphur hexafluoride is 23,900 times more potent.
What does this all do to that 20 cents extra we would be left with after Gillard's compensation of $10.40 ?
Recalculating the impact of the carbon tax
How changes to global carbon accounting standards will wipe out household over-compensation.
Director of Climate Change Policy
3 July 2012