Placing a strong cap on greenhouse gas emissions in the US alone would cost Iran $1.8 trillion worth of oil revenues over the next forty years. Every day from now till 2050 – Iran would lose another $100 million.
Using an MIT analysis of the effects of a carbon cap that reduces global warming pollution; WonkRoom has estimated that Iran stands the most to lose from climate and energy legislation pending in the US Senate.
Oil production is worth $120 billion a year to Iran. It holds the world’s second largest oil and gas reserves after Saudi Arabia.