At a plausible
GHG emissions price of $ 50 / t CO2eq under a future US carbon mitigation policy, such co-production systems competing as power suppliers would be able to provide low - GHG - emitting synthetic fuels at the same unit cost as for coal synfuels characterized by ten times the GHG emission rate that are produced in plants having three times the synfuel output capacity and requiring twice the total capital investment.
Not exact matches
This is far from clear: a proper carbon
pricing policy would favour firms that are profitable enough to absorb the cost of
GHG emissions, and penalise those who can only survive if
emissions are not
priced.
If your condition for
GHG policy is that you must impose the same
price on all sectors of the economy because you want to be cost - effective, that rules out higher
prices on some sectors where deep
emissions reductions are possible, or lower
prices in more politically sensitive areas to ensure you get a policy in place at all.
CCS really amounts to a combined
GHG and natural gas hedge which, in a world of really expensive gas, allows you to maintain lower electricity
prices than you perhaps otherwise would be able to as you can continue to use relatively cheap and plentiful coal while capturing and storing the
emissions.
Higher
prices give businesses and consumers the incentive to modify energy use and make wise investments to reduce greenhouse gas (
GHG)
emissions over time.
Finally, CME noted that carbon
pricing schemes need to be designed in such a way so as not to merely transfer
GHG emissions out of the province (or country).
If we put a
price on those
emissions of $ 50 - 200 per tonne, reflecting some recent estimates of the external costs of carbon
emissions, we get a range of $ 4 - 20 billion in environmental costs just from
GHG emissions.
Using corn to produce ethanol has driven up food
prices in recent years, and converting forests and other areas into farmland to grow more corn for biofuels may well negate ethanol's improved greenhouse gas
emissions (
GHG).
[1] CO2 absorbs IR, is the main
GHG, human
emissions are increasing its concentration in the atmosphere, raising temperatures globally; the second
GHG, water vapor, exists in equilibrium with water / ice, would precipitate out if not for the CO2, so acts as a feedback; since the oceans cover so much of the planet, water is a large positive feedback; melting snow and ice as the atmosphere warms decreases albedo, another positive feedback, biased toward the poles, which gives larger polar warming than the global average; decreasing the temperature gradient from the equator to the poles is reducing the driving forces for the jetstream; the jetstream's meanders are increasing in amplitude and slowing, just like the lower Missippi River where its driving gradient decreases; the larger slower meanders increase the amplitude and duration of blocking highs, increasing drought and extreme temperatures — and 30,000 + Europeans and 5,000 plus Russians die, and the US corn crop, Russian wheat crop, and Aussie wildland fire protection fails — or extreme rainfall floods the US, France, Pakistan, Thailand (driving up
prices for disk drives — hows that for unexpected adverse impacts from AGW?)
The most encouraging thing for me to come from this paper is not the variance in percieved
GHG and related forcing levels that may or may not constitute Dangerous Anthropogenic Interference, but the acknowledgement of the rate of change in
emissions due to fuel
price increases and the exponential growth of public awareness.
The
price differential between hybrids and fossil fuel cars could be removed at a stroke if sales tax levels were set based on a car's
GHG emissions per mile, and this would be likely to make a huge difference to take - up of hybrids — again, the problem is not technology, it is simply lack of political will.
In California, for example, we would recommend using the current market
price of carbon
GHG emissions (around $ 11 / ton in CA), but this could arguably vary to the / / www.epa.gov/climatechange/EPAactivities/economics/scc.html» > social cost of carbon or other reasonable values.
«Lomborg loves to play the nit - picky «I'm the honest statistician» role and then use this stance to imply that doing much of anything except R&D is a waste, ignoring the huge body of evidence that
pricing GHG emissions can have large net benefits.
This brings the
price of energy down below current energy costs while saving
ghg emissions.
Any form of carbon
pricing or regulations means we would have to measure
GHG emissions.
These
prices do not include the cost of a backup for wind and solar require, or the costs in terms of human health or rising
GHG emissions from fossil fuels.
It is impossible for the United States to meet President Obama's highly ambitious schedule for reducing America's
GHG emissions unless the US Government takes aggressive action to directly and indirectly put a
price on carbon, and to directly and indirectly limit the production, supply, and availability of all carbon fuels.
What more effective approach could there be in meeting President Obama's highly aggressive schedule for reducing America's
GHG emissions but for the US Government to directly and indirectly put a
price on carbon; and to directly and indirectly limit the production, supply, and availability of all carbon fuels?
Here's how to get rid of black carbon from electricity generation, cut
GHG emissions by 13 Gt CO2 / a by 2050 (same as the Nordhaus «Optimal» carbon
price policy) and achieve a lot more benefits as well.
What is the cost to non participants if there is less than full participation in the
pricing mechanism (i.e. less than all man - made
GHG gasses are included, less than all
emissions sources are included, and less than all countries are included) Hint: Nordhaus says that if just 50 % of
emissions sources, globally, are included the cost penalty on the participants is 250 %.
Since these conservatives have successfully blocked attempts to implement a cap and trade or other carbon
pricing system, we are left with government regulation (via the EPA and its endangerment finding) as the only alternative to reduce
GHG emissions from large emitters.
introduced the «Managed Carbon
Price Act of 2012» (MCP), a bill imposing a tax on carbon dioxide - equivalent greenhouse gas (
GHG)
emissions from producers of coal, oil, and natural gas, refineries, and other covered sources.
Yet it is highly unlikely a global carbon
pricing system will be implemented because negotiators recognize the high cost for negligible benefit for participants until there is a global system with near full participation (all human - caused
GHG emissions from all countries).
If we implemented policies to meet our goals, a refinery in Canada would face a tradeoff between
GHG emissions and a $ 100 / ton carbon
price while the climate leaders in the EU would demand a payment of less than $ 40 from the same facility.
Compared to the real world in which unchecked increasing
GHG emissions will certainly lead to numerous adverse economic impacts, putting a
price on carbon
emissions to reduce those impacts will almost certainly prove to be a net economic benefit.
EU
prices only 45 % of its human caused
GHG emissions.
Yet it is highly unlikely a global carbon
pricing system will be implemented because negotiators recognise the high cost for negligible benefit for participants until there is a global system with near full participation (all human - caused
GHG emissions from all countries).
The SCE proposal provides continued support for the state's market - based, cap - and - trade program as a critical component of efforts to reduce
GHG emissions, while striving to keep electricity affordably
priced for utility customers.
To solve this problem, «At a minimum, all countries should agree to penalize carbon and other
GHG emissions by the agreed upon minimum
price.»
I very much agree with Julian's main points concerning the necessity of China to begin putting a
price on its carbon
emissions by 2020, especially given how vulnerable China is to increasing concentrations of
GHG, etc..
Canada, Germany, and California are each already involved with assigning a
price to
GHG emissions.
If we do need to reduce
GHG emissions we can replace fossil fuels much more cheaply than by further distorting energy markets by introducing carbon
pricing mechanisms.
Wider policies aimed at reducing
GHG emissions such as carbon
pricing mechanisms may also support RE.
Price, L., 2005: Voluntary agreements for energy efficiency or
GHG emission reduction in industry: An assessment of programs around the world.
Carbon
pricing is the climate economists way to cut global
GHG emissions.
All lines except «Copenhagen» and «0.5 Copen Partic» assume the whole world implements a carbon
price in unison in 2010, and the
pricing scheme covers 100 % of human - caused
GHG emissions.
This results in a value or
price being attached to
GHG emissions.
«The initial challenge is simply to establish a system that will demonstrate the societal decision that
GHG emissions shall have a
price, and to provide the signal of what constitutes appropriate short - term and long - term measures to limit
GHG emissions,» the study concluded.
If we have to
price GHG emissions and regulate compliance, the compliance cost will inevitably become a huge cost.
First, it will require focusing on raising the
price of CO2 and other
GHG emissions in the marketplace.
New York State energy planning based on the Reforming the Energy Vision goal to change the energy system of New York to reduce greenhouse gas (
GHG)
emissions 80 % from 1990 levels by 2050 is trying to choose between many expensive policy options like
pricing carbon in the electric sector while at the same time attempting to understand which one (or what mix) will be the least expensive and have the fewest negative impacts on the existing system.
Moreover, I would suggest that those of us in «the electorate» who are well - informed about this issue are well aware that changes in public policy — including putting a
price on carbon pollution, directly regulating
GHG emissions, and providing effective support for the development and deployment of efficiency and renewable energy technologies on a scale at least comparable to the subsidies that fossil fuels have received for a century — are far more effective than the options that any individual can currently choose, and are in fact crucial to making more such options available to all of us.
For example, climate scientists are least well - placed to make a judgement on the timing and quantum of CO2
emissions that are exported from, say, Spain, as a result of higher electricity
prices there resulting from wind and solar, and certainly very poorly placed to opine on the impact on global
GHG emissions of cap - and - trade or any similar EU or even EU / USA - wide policy.
The corn - to - ethanol subsidy in the USA was not aimed at reducing
GHG emissions, or even its ostensible purpose of reducing dependence on foreign oil, but at raising the
price of corn to put money into farmers» pockets.
This website is the first step towards our goal of bringing together on one site all of the publicly - available data on: CO2
emissions; Other sources of greenhouse gases (
GHG) and
GHG sinks; Energy production and consumption; Energy investment,
prices and taxes; Socio - economic benchmarks & drivers.
The only conclusion to draw then is that neither the
Price nor Renewable Growth is the silver bullet of hope they are made out to be because they are not in fact being deployed at the much higher rate circumstances demand for ongoing increases of
GHG emissions globally to stop then drop.
A recent survey of 144 of the world's top economists with expertise on climate change found that 88 % agreed that the benefits of carbon
pricing outweigh the costs, and over 94 % agreed the US should reduce its
GHG emissions if other major emitters also commit to reductions (which many already have, particularly in Europe):