Not exact matches
Ms. Mitchelmore said CCS technology won't be widely adopted unless there is a price
on carbon — either through a tax, a cap - and -
trade system or regulations
on emissions.
And Mr O'Leary has been
on record saying his company will
not sign up to an EU
carbon trading scheme.
It isn't officially announced whether nonpolluters can
trade allowances
on the Chinese
carbon market, but they will certainly be allowed to take part as offset credit suppliers.
A problem is that markets for
trading carbon dioxide focus
on cuts in emissions at power plants and factories burning fossil fuels,
not renewable energies which are viewed as green.
A price
on carbon need
not take the form of cap and
trade or a
carbon tax.
In May, Michael Arceneaux, deputy executive director of the Association of Metropolitan Water Agencies, began a one - person campaign to educate Congress that high - profile bills under consideration, notably those involving
carbon cap - and -
trade systems, had serious effects
on water supplies that were
not being considered.
«The competitive threat to the United States is
not that there is a modest price
on carbon imposed in the context of cap - and -
trade allowances.
If permits to emit
carbon were
traded freely, the US would buy up the permits that China did
not need, and so
on.
At any rate, in my personal view, we should
not prescribe exactly what needs to be done but should instead implement flexible schemes like Kyoto or the McCain - Lieberman Climate Stewardship Act that allow
trading of emissions credits, credits for
carbon sequestration (provided it can truly be shown to work) and so
on.
The comment, made during a Jan. 17 interview with the editorial board of The San Francisco Chronicle, essentially explains how the kind of cap and
trade mechanism sought by both Mr. Obama and Senator John McCain (the latter at least in his platform, if
not on the stump) would make coal combustion ever more costly (unless the world finally gets serious about investing in large - scale testing and deployment of systems for capturing and burying
carbon dioxide).
Some people have unwisely taken that logic to the extreme and suggested that if the US and other innovating nations just pushed hard
on technology that there wouldn't be much need for emission limits, cap and
trade or
carbon taxes.
I have some questions
on carbon trading and forests that were
not explored at the meeting, which had something of the air of a pep rally (with Yale Club demeanor, mind you).
He proposes spending tens of billions of dollars (a bargain, he insists, compared to the hundreds of billions that would be spent
on a cap - and -
trade style approach), but he doesn't say how he'd convince the United States or China to adopt the necessary
carbon tax.
Gates hammered
on points reported here for many years: that without a big, and sustained, boost in spending
on basic research and development
on energy frontiers, the chances of triggering an energy revolution are nil; that while the private sector and venture capital investors are vital for transforming breakthroughs into marketable products or services, they will
not invest in the long - haul inquiry that's required to generate game - changing breakthroughs; that a 1 or 2 percent tax
on carbon - emitting fuels could generate a large, steady stream of money for invigorating the innovation pipeline; that a declining emissions cap and credit
trading system --- if it could survive America's polarized politics --- would have to raise energy costs far beyond what would be politically tenable to generate a similar scale of transformational activity.
Do you
not think it possible to educate the public and Congress
on the advantages of a
carbon tax in simplicity and removal of opportunity for political horse -
trading?
Unfortunately, there don't seem to be legions of lobbyists out there for innovation (and energy efficiency, for that matter), while there are potent forces fighting
on the side of coal companies and utilities, financial institutions eager to
trade carbon credits, manufacturers and retailers of today's consumer products.
He may
not be quite 100 %
on the relative merits of a
carbon tax vs. cap and
trade, but he has most of the basic issues right, including the need for an auction.
Though the United States has (at best) sat
on its hands and (at worst) actively hindered constructive action to combat climate change for the past eight years, with the changing of the guard coming (
not soon enough), the next president can jump start action
on climate change by employing the well established Clean Air Act to unify state
carbon projects and administer a national cap - and -
trade program.
It is designed to ensure the price
on carbon imposed through the EU emissions
trading scheme does
not fall below a set level.
Regardless of the mechanism chosen, any
carbon pricing system implemented should be Revenue Neutral so that the government does
not become dependent
on the revenue from the fee, tax or
trade credits.
He said he did
not know the details of Dr Pearman's case, but if a scientist were to join a group that argued against government policy as the Australian Climate Group did
on carbon trading he or she would contravene CSIRO's media policy.
(through drastic slashing of manufacturing technologies, draconian cap and
trade taxation, repossession of private property, and a whole host of other proceedures of questionable value), and
on the other, you have the alternative medicine quack that says «The pain is all in your mind» (EG, the non-scientists that say that human released
carbon dioxide has no impact
on the environment whatsoever, in spite of the fact that this is
not supported by even the slightest bit of chemical evidence.)
Lord Stern, the former World Bank chief economist whose landmark report
on the economics of climate change warned the world risked plunging into economic depression if action was
not taken urgently
on greenhouse gases, said
carbon trading was a «key plank» in dealing with climate change.
However, research from World Resources Institute shows that putting a price
on carbon — with either a
carbon tax or a cap - and -
trade program — does
not inherently help or hurt lower - income households (it is neither progressive or regressive, in economist - speak).
Carbon trading is
not sufficient
on its own to achieve the Paris climate goals but equally we will
not slash emissions to the level required under Paris without a much more concerted and sustained global take - up of
carbon pricing.
Ms Gillard indicated it would be business as usual
on emissions
trading under her watch, because there wasn't a community consensus
on the need for a price
on carbon.
Climate News Network: Don't put any bets
on it — but at long last the world - wide
trade in
carbon looks set to improve, if only just a little.
The article also explains why government action
on climate change is indispensable to an adequate climate change solution, that is, why market solutions such as cap and
trade or even
carbon taxes will
not alone create an adequate US response to climate change.
They say that
carbon trading is essentially the same as the
trading of derivatives, and
not unlike junk bonds or subprime mortgages, subprime
carbon carries a higher risk of delivering
on its value and thus is prone to price volatility.
While California cap - and -
trade doesn't apply directly to us, it does apply to the joint powers authority called PWRPA that we helped establish to get our power, and we may have a chance to sell
carbon allowances from environmental improvements that we make (at 1:53:00, end of staff presentation): In addition to what you can see
on the video is the 3 hours that we spent in closed (confidential) session to discuss internally the negotiations with labor unions for new contracts.
Unfortunately, the wealthy countries are now intent
on discussing
not pollution reduction targets but «conditionalities» for a second commitment period — they want to ensure huge loopholes and the continued use of ineffective and unjust
carbon trading.
Where efforts to address climate change have for the last 20 years focused
on reducing national emissions through sweeping policies, like cap and
trade or
carbon taxes, climate policy today has shifted decisively toward smaller bore, pragmatic policies that don't promise to eliminate the climate crisis in one fell swoop but do help us move our economy toward greater «decarbonization,» sector by sector and technology by technology.
It will be a very interesting day when a major news reporting service publishes a series of stories detailing the fraud, proving the deception and debunking the lies perpetrated by hundreds of people globally who have pushed for various
carbon taxes and
trading credit markets (mostly for their own enrichment), based
on the various questionable and outright wrong «scientific» studies which «proved» something was happening when it actually wasn't.
Here in Sweden we don't have a
trading exchange for
carbon emissions but we have had a tax
on these emissions for some twenty odd years and it doesn't work at all.
In other words, they would accept a commitment to a global
carbon price, as advocated
on this website, because it does
not ask countries to
trade billions of dollars worth of permits with other countries.
The benefit of this would
not only be to pre-empt any such externally imposed
carbon tariff
on China's exports (under international
trade rules, a
carbon tariff
on goods from a country with a
carbon tax would probably be illegal), but it would also allow the Chinese government to collect revenue of such a tax rather than to see it go to a foreign government.
«The trees of the global south are
not a commodity to be openly
traded on a global
carbon market.»
I do
nt have a clear sense
on how long it will take the public to realise that
carbon trading is likely to be scammed.
As the ecosystem of Bhutan is very fragile, we have some non-negotiables which we can
not trade off with anything to stay firm
on our goal of staying
carbon neutral.
The
carbon offset,
trading and what have you that we are being conned
on do
not remove one molecule of
carbon dioxide from the 35 % and growing overload of that gas already
on the globe causing melting, coral destruction, and various shifts in biota to relocate their niches for proper temperatures to survive.
On the subject of regulation, either a
carbon tax or a cap - and -
trade system, Gingrich and Lomborg push the conservative party line: regulations hurt the economy and don't help the climate.
With a multi-pronged attack
on carbon emissions and related pollution, cap - and -
trade may be only one component, or the price may even collapse if they don't establish the right cap or a floor
on prices.
Given that, if one wants freedom of choice and an efficient market, shouldn't one accept a market solution (tax / credit or analogous system based
on public costs, applied strategically to minimize paperwork (don't tax residential utility bills — apply upstream instead), applied approximately fairly to both be fair and encourage an efficient market response (don't ignore any significant category, put all sources of the same emission
on equal footing; if cap /
trade, allow some exchange between CO2 and CH4, etc, based CO2 (eq); include ocean acidification, etc.), allowing some approximation to that standard so as to
not get very high costs in dealing with small details and also to address the biggest, most - well understood effects and sources first (put off dealing with the costs and benifits of sulphate aerosols, etc, until later if necessary — but get at high - latitude black
carbon right away)?
The majority of the
trade is carried out
not between polluting industries and factories covered by
carbon trading schemes, but by banks and investors who profit from speculation
on the
carbon markets - packaging
carbon credits into increasingly complex financial products similar to the «shadow finance» around sub-prime mortgages which triggered the recent economic crash.
I'm
not sure I am inclined to agree with Jim Hansen
on very much, but I think if we are going to reduce
carbon emissions, a tax is a hundred times more logical than a cap and
trade system.
Supporters of cap - and -
trade were never able to resolve this contradiction: either it wouldn't raise fossil fuel prices, in which case it would be ineffectual; or it would raise them after all, provoking an unstoppable backlash among a citizenry that hadn't signed off
on the higher prices and wouldn't be getting the dividends from the tax revenues, while
carbon - market participants skimmed big profits.
So what did make the final budget cut — and is America still
on track for a greener future?Unfortunately,
not that
carbon cap and
trade — there's still room for the system in the budget, but after 28 Senators protested the cap, it was left out.
Depending
on the makeup of imports and exports, an import fee might
not even be necessary to improve the
carbon footprint of international
trade as well as the national balance of
trade.
Efficiency does
not happen all by itself in a power - sector
carbon - cap - and -
trade program for various reasons (see ACEEE's report
on these issues).