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Could Rising Aviation Emissions be Good for the Environment?

International aviation sector is likely to require a substantial number of offsets to meet its goal of achieving carbon neutrality above a 2020 baseline.  If these offsets are forestry related there is the possibility of generating substantial...

Posted July 14, 2014    

The Need for a Trend Break in the Carbon Intensity of Energy Use

Looking at past changes in each driver of total emissions emphasises the necessity of deploying very low carbon technologies. There has been some recent discussion about the Kaya identity, which breaks down emissions from energy use into...

Posted June 30, 2014    

Types of Carbon Pricing, Part 3 of 3

This is the last of three posts summarising the differing features of carbon pricing instruments – emissions trading (cap-and-trade), carbon taxes, and hybrids – and commenting on some of the implications for existing carbon pricing schemes.  ...

Posted May 15, 2014    

Types of Carbon Pricing, Part 2 of 3

This post is the second of three summarising the differing features of carbon pricing instruments – emissions trading (cap-and-trade), carbon taxes, and hybrids – and commenting on some of the implications for existing carbon pricing schemes.  ...

Posted May 7, 2014    

Types of Carbon Pricing: Part 1 of 3

This post is the first of three summarising the differing features of carbon pricing instruments – emissions trading (cap-and-trade), carbon taxes, and hybrids – and commenting on some of the implications for existing carbon pricing schemes.  ...

Posted April 30, 2014    

Failings of Market Failure as a Guide to Policy

The orthodox economic framework for analysing climate policy in terms of correcting market failures contains important insights, but is too narrow to identify a complete set of policies. This post is a little more abstract than usual, with no...

Posted April 7, 2014    

The Case for the EUETS Market Stability Reserve Looks in Need of Further Evidence

The market stability reserve proposed for the EUETS would be a significant change to the world’s largest carbon market. It also raises wider question about attitudes to the efficiency of carbon markets over time.In response to the continuing...

Posted March 24, 2014    

Making a Low Carbon Future Better as Well as Cheaper

Framing of decarbonisation pathways needs to take the value in use of low carbon technologies into account.  This can provide a fuller and more positive guide to policy than analysis of marginal abatement costs alone.  Much analysis of...

Posted March 5, 2014    

The EU's Recent Proposal for a 2030 EUETS Target Does Not Look Very Ambitious

The EU’s recently announced greenhouse gas emissions target for 2030 looks like just enough to keep the 2050 target credible, but seems unlikely to be perceived as highly ambitious by other jurisdictions.   The European Commission has...

Posted February 18, 2014    

The Continuing Spread of Carbon Pricing

Carbon pricing continues to spread around the world, with major schemes in Chinese provinces now in place.For my first post this year it seems timely to review progress on implementing carbon pricing around the world.  As I’ve previously noted...

Posted January 17, 2014    

Early Reductions in Carbon Dioxide Emissions Remain Imperative

New analysis using simple and transparent assumptions shows clearly the importance of early reductions in CO2 emissions.Many studies have looked at the rates of emissions reduction necessary to meet certain targets, most commonly looking at limiting...

Posted December 9, 2013    

The UK Needs to Take a More Serious Look at Importing Renewable Electricity

Imported solar electricity looks likely to be cheaper than nuclear in the UK by the early 2020s when new nuclear is due to come on line. Solar and other imported renewables deserve a closer look as one means to decarbonising the UK power sector.The...

Posted November 18, 2013