Sentences with phrase «carbon pricing»

"Carbon pricing" refers to putting a price on activities or products that release carbon dioxide (CO2) into the atmosphere. This way, people and businesses have to pay for the pollution they create, motivating them to use cleaner options and reduce their emissions. It aims to combat climate change by making carbon pollution more expensive and encouraging sustainable practices. Full definition
In the face of uncertainty about future policies to address climate change, companies are using internal carbon pricing in their strategic planning to manage regulatory risk and explore future scenarios for potential investments.
But the rest of the world is moving ahead with carbon pricing programs that will give other countries a head start in the race to a clean energy economy.
Any global carbon pricing system is thus going to have to be fair enough to get them on board.
A growing number of businesses around the world are turning to internal carbon pricing as a tool to manage climate - related risks and transition to a low - carbon economy.
And unlike natural gas, wind energy is not impacted by carbon prices or commodity price fluctuations, meaning that wind energy will only become more affordable over time.
In fact, the book's major argument for global carbon pricing is not economic efficiency (still a good reason), but rather that it fosters cooperation.
According to this, many firms are already looking at high carbon prices to guide investment decisions.
In fact, we support transparent, predictable, economy - wide carbon pricing mechanisms as the most cost - effective emissions reduction strategy.
All the major oil companies have internal carbon prices in place, yet they continue to invest in fossil fuels.
This will ensure that the poorest benefit from the combined pricing - refund policy and that more than half of the population gets a larger refund than their cost from carbon pricing.
The way to do that is with border fees on imports from countries with low carbon prices.
A rising carbon price drives down coal use by a jaw - dropping 75 per cent in a single decade while oil use is barely affected.
Fortunately, some governments have listened to these economists and implemented carbon pricing systems, as discussed above, but more action is necessary.
So how do we ensure that the countries with national carbon pricing systems keep and strengthen them, and convince the countries without such national systems to implement them?
Market - based approaches like carbon pricing are a cornerstone of practical, cost - effective climate policy.
I prefer to have an economy - wide carbon price to create markets for low - carbon technology.
We believe those should form an essential part of national and international approaches to climate change for the growing number of countries that decide to use carbon pricing instruments.
New business opportunities can arise when carbon pricing leads to efficiency investments in industry and private households — or indeed other areas of the economy.
In response to sluggish progress on effective international action, national carbon pricing initiatives for the aviation sector have been popping up recently to ensure airlines pay for their pollution.
This means that, if carbon pricing reduces oil's profitability, as intended, the loss in government revenue could be larger than the drop in overall profits.
The state's landmark program, which includes carbon price high enough to affect the electric power sector, has been extended.
According to that report, 150 companies worldwide impose a price on carbon in their internal operations and investment decisions and 212 companies are directly engaging with policymakers in support of carbon pricing legislation.
Within this framing innovation isn't necessarily a high priority and all that's necessary is to push those technologies to market through deployment or leveling the playing field through carbon pricing.
«The campaign would be broad - based but also target particular regions where the vulnerability to the impact of the proposed carbon pricing scheme is high,» the document says.
A carbon tax fixes carbon price while allowing emissions to fluctuate.
Suppose that the internationally negotiated minimum carbon price was $ 25 per ton of CO2.
Ultimately, a long - term carbon price signal will be needed to set adequate investment incentives and hence enable a low - carbon energy transition.
In 2010, four leading economists released a report detailing the impacts on different income groups of various cap - and - trade carbon pricing proposals.
So I don't to what extent you could have an international carbon price without that [cap - and - trade] system.
The business press meanwhile is raising the risks such a focus on coal poses to investors if strong carbon pricing is put in place, quoting analysts views on the subject.
The finding that well - designed carbon pricing policies can achieve emissions reductions with no substantive impact on economic growth is consistent with independent economic studies.
A robust carbon price also promotes investment in clean, low - carbon technologies.
With an economically optimal carbon price in place, global carbon emissions would actually continue to rise through the rest of this century, increasing about 50 percent from current levels.
Over 50 per cent of carbon price revenue will be spent on households.
The only way to make carbon pricing a top priority for our policymakers is to show them that it's a top priority for their voting constituents.
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