Carbon Dioxide Emissions Stimulating $15 Trillion in Crop Production
In this post at Heartlander James Taylor opines that,
Human carbon dioxide emissions are benefiting global agricultural production to the tune of $160 billion per year, according to a newly released study.
Between 1961 and 2011, carbon dioxide emissions stimulated $3.5 trillion in agricultural production beyond the baseline scenario without higher atmospheric carbon dioxide concentrations. The study reports the cumulative benefits between 1961 and 2050 will top $15 trillion.
“Projecting the monetary value of this positive externality forward in time reveals it will likely bestow an additional $11.6 trillion on crop production between now and 2050,” the study concludes.