Reinsurance Event Attributed Carbon Tax (REACT)

REACT stands for Reinsurance Event-Attributed Carbon Tax, a system designed to put a fair price on the financial loss and damage arising from carbon emissions.

REACT measures the expected losses that will occur for each tonne of carbon dioxide emitted. Further, it determines the allocation of the costs of those losses to each energy supplier based upon the proportion of carbon emitted and the carbon intensity of the fuel type used. The total revenue paid by all suppliers equals the total loss and damage caused by their emissions.

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Reinsurance Event Attributed Carbon Tax (REACT) was last modified: August 15th, 2017 by admin