In the same time period, the world’s privately-owned oil companies have made $5 billion in elevated profits.
So we might infer that the price of a tonne of carbon should be $1,000 per tonne.
The EU has one of the highest carbon prices. It’s currently at about €68 ($79), so at least 12x too low
#climateDiary https://mastodon.world/@davidho/116271391844076790