But experts speaking at today's Economist Energy Summit in London agreed that
an effective global carbon price just isn't going to happen.
Not exact matches
An
effective carbon tax has already been imposed on the
global public by the oil
price rise, which of course increases the
price of things which have to be moved around — ie.
Consider the challenge of putting a
price on
carbon — arguably our most
effective policy tool in averting
global climate disaster.
Müller believes polycarbonates could serve as
effective carbon sinks for the millions of tons of emissions spewed by coal - fired plants; assuming the
price tag for any such technology is within limits - and that the capacity for economies of scale exists - it could, as he states, be a «significant contribution» towards
global efforts to slash
carbon emissions.
Multiple lines of scientific evidence overwhelmingly show that human greenhouse gas emissions are the dominant cause of the current
global warming, that the consequences of that warming will on the whole be bad, and that there are cost -
effective solutions to the problem, of which
carbon pricing systems are a critical component.
However, introducing
effective carbon pricing at the required
global level is not a realistic option today and may not be for decades.
Moreover, any
effective regulatory strategy must be
global and must, by most accounts, establish a harmonized
price for
carbon.