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Coupled with this challenge are: the limited capacity of human capital and expertise that will ensure the proper management of borehole interventions; insufficient cost recovery for proper operation and maintenance of the projects; loss of land and farmlands and lack of compensations because of the projects which affect the livelihood.
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Nordhaus projects losses of only about 1% of GDP from 2C of warming.
Moreover, virtually all revenue growth has been applied to pet projects, loss-making industries, etc.
He projects losses of about $2 million but aims to be in the black in six months.
The same study projects losses of 311,000 jobs and $24 billion in GDP as a direct result of the cap.
The projected loss is nearly nine times the initial forecast.
To make up for that projected loss in revenue, he plans to close tax loopholes.
The figure would be a marked increase from an earlier projected loss of ¥280 billion.
The projected loss, which excludes unusual items, translates to $2.38 a share.
Informed of his projected loss, Cuban was said to have merely smiled and shrugged.
A more gloomy set of assumptions brings a projected loss for the year of nearly £1m.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com