PAL has scientifically determined the price of carbon based on the insured and uninsured loss and damage caused by weather-related disasters attributable to manmade climate change triggered by burning fossil fuels. PAL’s Carbon Price Indexes are published intra-day.
An algorithm-based calculation of the economic damage from climate change compares well with a study led by Prof. Solomon Hsiang of the University of California at Berkeley. A new carbon pricing methodology closely fits a major US study was last modified: January 2nd, 2019 by Bruce Menzies
PAL announces Carbon Loss Index (CLIX) data for August 2017 is now available. August CLIX is valued at $16.47 per tonne CO2, down 1.2% since July. The index is 11.5% down on the same period last year. Published each month, the PAL Carbon Loss Index (CLIX) provides a benchmark for carbon pricing by quantifying the global […]
PAL announces Climate Risk Index (CRIX) data for July 2017 is now available. July CRIX is 1,180.59, up 0.7% on the previous month. The index is 6.3% lower than the same period last year, and is some 7.3% off the 1,273 all-time high back in September 2016. Published at the beginning of each month, […]
PAL announces Carbon Loss Index (CLIX) data for July 2017 is now available. July CLIX is valued at $16.67 per tonne CO2, unchanged since June. The index is 8.5% lower than the same period last year, and is some 40% off the all-time high back in March 2016 when the index broke through $28. […]
Just because, today, a carbon tax is either non-existent, toothless or unenforcible, don’t imagine that one will never be created, given teeth and enforced. The climate change storm is already rumbling and its pressure building steadily towards this inevitability – it may be next year, the year after, or the year after that. But prudent […]
On the day (June 1st 2017) that the US announced it is pulling out of the Paris COP21 Agreement, we look at the patchwork of carbon pricing projections in the public domain that are doomed. The EU ETS is not fit for purpose. The UK’s ‘official’ (BEIS) ‘curves’ are not only straight lines, counter-intuitively, they […]
In 2015 Predict Ability Ltd (PAL) introduced the PAL Carbon Loss Index (CLIX), which was specifically designed to put a price on the financial loss and damage arising from carbon emissions. CLIX uses the Reinsurance Event Attributed Carbon Tax (REACT) system and publishes intraday prices based on latest emissions, loss & damage and global surface […]
An article caught my eye recently: Scientists compare climate change impacts at 1.5C and 2C by Carbon Brief. We have some insight into the interconnectedness of extreme weather events and climate change, so we decided to take a look at the effect a 1.5°C at 2°C world might have on the expected financial loss and damage arising from extreme weather […]