Global anthropogenic emissions are 32,082 million tons of CO2 per year1. If cities, responsible for 70% of global CO2 emissions2, under-estimate emissions by 20%, then 4,491 million tons of unaccounted for CO2 would be released every year. Real time emission measurement is the initiative that can give confidence to a post 2012 carbon market.
Data References
- http://www.worldatlas.com/geoquiz/thelist.htm
- https://www.cdproject.net/Documents/CDP-Cities-2011-Report.pdf
- http://www.thisismoney.co.uk/money/markets/article-1716751/City-of-London-still-tops-finance-league.html
- http://www.cityoflondon.gov.uk/NR/rdonlyres/CAA2442E-9825-401B-9D17-32DB163D83E4/0/SUS_CarbonFootprintreport.pdf
- http://home2.nyc.gov/html/planyc2030/downloads/pdf/greenhousegas_2009.pdf