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carbon price

Top Ten Reasons Why Business Should Love a Carbon Price

June 21, 2014 by David Hone
1

Business and Carbon Price

With the United States (at a Federal level) going down the regulatory route instead, the Australian Prime Minister touring the world arguing against it and the UNFCCC struggling to talk about it, perhaps it is time to revisit the case for carbon pricing.[read more]

Carbon Pricing vs. Regulation

May 19, 2014 by Gernot Wagner

Ask any economist about the most efficient way to tackle climate change, and the response will be clear: put a price on carbon. Cap or tax carbon pollution, and then get out of the way. It’s the most effective policy. It’s cheap. It works. Except for when politics gets in the way.[read more]

What’s Ahead? Lower Oil Prices, Despite Higher Extraction Cost

November 18, 2013 by Gail Tverberg
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Future Energy Prices

Nearly everyone believes that oil prices will trend higher and higher, allowing increasing amounts of oil to be extracted. This belief is based on the observation that the cost of extraction is trending higher and higher. If we are to continue to have oil, we will need to pay the ever-higher cost of extraction.[read more]

South Korea May Launch World’s Most Ambitious Cap And Trade Market

May 19, 2013 by Silvio Marcacci
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South Korean carbon emissions

With roughly 18 months until launch, South Korea appears ready to create the world’s most ambitious cap and trade market, with the highest global price on carbon.[read more]

exclusive

RGGI Still Falls Short of Real Carbon Pricing

May 14, 2013 by Sieren Ernst
3

RGGI's new cap rules

RGGI’s new cap not only falls short of creating real price pressures due to its closeness to baseline emissions, its excessive compensatory measures, and its failure to deal with leakage, but also runs the risk of locking in emissions.[read more]

A carbon trading linkup between Australia and the EU

September 4, 2012 by David Hone

Last week the Australian Government and the European Commission announced that their respective emission trading systems would link up progressively over Phase III of the EU system, but for Australian entities from the start of full carbon allowance trading in 2015. This is a bold move by both parties and quite possibly one that will make others with nascent trading systems sit up and think about where they want to go.[read more]

Romney’s Energy Plan: ‘A Document Not Worth Serious Analysis’?

August 31, 2012 by Joseph Romm
5

The central energy challenge we face as a nation and a planet is the transition away from fossil fuels, which contribute to climate change, to clean sources of energy. The most important debates in this area concern just how quickly this must be accomplished and how to do it in the cheapest way possible. Last week Mitt Romney’s campaign...[read more]

Can we restore the EU Emissions Trading Scheme's effectiveness?

July 26, 2012 by David Hone

A year ago as the EU ETS price showed clear signs of a second step change downwards, the EU Commission was resolute in its view that the mechanism was working. But a year is a very long time in business and politics and this week, with the backing and support of many business groups, the EU Commission began the political process necessary to attempt to address the problems.[read more]

Innovation Needs to Be Part of Carbon Tax Debate

July 19, 2012 by Clifton Yin

Last week, representatives of an array of think tanks and advocacy organizations from across the political spectrum gathered at the American Enterprise Institute (AEI) to discuss the feasibility of enacting a national carbon tax. It was the fifth such closed door-meeting. It might surprise people to learn that there is common ground...[read more]

Could Conservatives Be Considering A Price On Carbon Pollution?

July 17, 2012 by Joseph Romm

Former Rep. Bob Inglis (R-SC), the man leading an initiative to revive Republican talks on climate solutions, predicted “there are a lot of Republicans in foxholes on this hill, ducking as the fire gets intense.” It looks like he is right.Last week, reports of an informal, bipartisan meeting hosted by American Enterprise Institute...[read more]

The Limits of Energy Efficiency

July 13, 2012 by David Hone
2

Many commentators and policymakers continue to believe that energy efficiency alone can address much of the CO2 problem – and that it can do so at very low cost (or even negative cost), at least compared to a ‘do nothing case’. But any successful policy toward mitigation of CO2 emissions must centre on CO2 pricing.[read more]

Is $23 per tonne the right carbon price for Australia?

June 29, 2012 by David Hone

markrhiggins/Shutterstock

The debate in Australia has now shifted to whether or not the selected price of $23 per tonne of CO2 in the first year, but later on shifting to a full cap-and-trade (probably around 2015), is the right one. Many argue that as the “prevailing global price” of carbon is much lower, then Australia is out of step and therefore undermining its own competitiveness.[read more]

Losing the lead? Europe’s flagging carbon market

June 25, 2012 by David Hone

Very recently I participated in the launch of a new report on the state of the EU Emissions Trading System. The report highlights in stark terms the problems facing the ETS today and calls for even more drastic measures than those currently under consideration by the European Commission.[read more]

The plight of CCS in the EU

June 15, 2012 by David Hone

szefei/Shutterstock

Over the last five years the EU has put great effort into promoting CCS. The Commission has led this, creating a legislative framework for the technology to exist in the field. With such an effort and so much political capital spent, one would expect to see a burgeoning CCS industry, or at least the beginnings of it, appearing across the EU. Unfortunately this is not the case.[read more]

The case for an auction reserve price

June 7, 2012 by David Hone

chuong/Shutterstock

There has been considerable discussion over recent months as to what action needs to be taken both in the short and long term to ensure that the EU ETS continues to provide the necessary investment signal for major investments such as carbon capture and storage. The current price of €6.50 isn’t going to drive any change at all.[read more]