EDRO

Seeding Socioeconomic Avalanches! [Hacked by WordPress; filtered by Google!]

Carbon Footprint of Your Dollar

Posted by edro on August 5, 2008

Submitted by a CASF Member

How Much Carbon Dioxide Does Your Money Make?

Definitions

GDP is gross domestic product at purchaser prices. It is the sum of the gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. (Source: World bank)

GDP = consumption + gross investment + government spending + net exports

United States one dollar bill (obverse).

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[Important: for 3/4 & 1-1/2 U.S. Secret Service money illustration rules click here! See also Copyright rules.]

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GNI (gross national income) is gross domestic product (GDP) plus net receipts of primary income (employee compensation and investment income) from abroad. GDP is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output. (World Bank)

GNI per capita is gross national income divided by midyear population. PPP GNI is gross national income converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. (World Bank)

World Population and GDP figures

World population 2007 (World Bank) : 6.61billion
GNI per capita 2007 (PPP) : 9,816 (International Dollars)
World GNI : 64.9 trillion (International Dollars)
World GDP: 65.17 trillion (International Dollars)

[PPP is purchasing power parity; an international dollar has the same purchasing power over GNI or GDP as a U.S. dollar has in the United States.]


CO2 and Other Exhaust gases spewing out of an industrial plant.

Energy and GDP

To create the above economic figures [GNI and GDP,] the world economies consumed about 531 exajoules [503 quads] of energy in 2007. [Sources: CASF and MSRB]

To produce a GDP of 65.17 trillion (International Dollars), the world economies emitted about 10.38 billion metric tons of carbon [~38.06 billion tons of CO2.] That is, for every dollar paid (or received) each time in 2007 an average of about 160 grams of carbon, or 584 g of CO2 were released to the environment! [Sources: CASF and MSRB]

Notes:
1. 1kg (1,000g) is about 2.21lb [1 lb ~ 453.6g]
2. The above figure of 584g of CO2/GDP dollar is a global average. In the US the pollution figure is 578g of CO2/GDP dollar. In China the CO2 amount per GDP dollar of economic activity rises to 1,282g – about 2.2 times the global average of CO2/GDP dollar. [Updated Sept. 2008 ]

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83 Responses to “Carbon Footprint of Your Dollar”

  1. [...] Original Entry >> Carbon Footprint of Your Dollar [...]

  2. asokalife said

    Well, this seems to be an innovative way to present some boring facts and statistics in a ‘phat’ manner! That explains why incidence of asthma is gaining prominence as people across the world are getting richer. More money means more CO2, and therefore more lifestyle diseases. Is there a solution? Well, spend more on medicines, that’s all :)

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  28. Cohen said

    [Comment edited. FEWW]

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  49. [...] Carbon Footprint of Your Dollar our colleagues at CASF and EDRO calculated how much carbon dioxide (CO2), the main greenhouse gas, [...]

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  54. [...] footprint of the International Space Station over a 30-year period: 300 x 10^9 [dollars] x 584 [g of CO2 per dollar] = 1.75 10^14 g of Co2 [1.75 MTM of [...]

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  81. piper19 said

    [Try English, please! Moderator]

  82. [...] Carbon Footprint of Your Dollar Collapsing Cities Ghost Towns Nature’s Warnings Exponentially Intensifying Corporate America Won’t survive [...]

  83. [...] amount of energy is consumed and carbon dioxide is created. This is referred to commonly as a carbon footprint. In this scenario, the carbon footprint is how much carbon dioxide (a greenhouse gas) is produced [...]

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