Not exact matches
If airlines
get a large quota of
emissions, the
trading scheme will have little effect.
In China, the government is also
getting serious — revealing more details about its pilot
emissions trading scheme, canvassing a flat carbon tax on certain industries, and also announcing that it would impose
emission caps on certain provinces and cities, including the powerhouse economy of Guangdong, and the key commercial hubs of Beijing, Tianjin, Shanghai, Chongqing and Shenzhen, in preparation for the ETS.
The main argument for a carbon tax rather than a
trading scheme is that, if there is a lot of uncertainty about the cost of reducing
emissions, and not much uncertainty about the damage caused by climate change, a fixed price for
emissions (that is, a tax) will
get closer to the optimal outcome than a fixed quantity.
In view of these conditions, going to the Coalition first was merely sensible, if the goal was to
get some kind of
emissions trading scheme passed.
Danger of Undermining
Emissions Mitigation Efforts If politicians are led to believe that a low - cost technological fix can reduce or eliminate the need for politically difficult actions such as increasing the cost of carbon by cap and trade schemes or taxation, going against the wishes of powerful fossil energy corporations, and getting countries all around the world to agree on climate goals, it is likely to undermine their resolve to deal with the underlying cause of the problem by reducing greenhouse gas e
Emissions Mitigation Efforts If politicians are led to believe that a low - cost technological fix can reduce or eliminate the need for politically difficult actions such as increasing the cost of carbon by cap and
trade schemes or taxation, going against the wishes of powerful fossil energy corporations, and
getting countries all around the world to agree on climate goals, it is likely to undermine their resolve to deal with the underlying cause of the problem by reducing greenhouse gas
emissionsemissions.
This is why its important to
get an
emissions trading scheme in place, with details that can be adjusted later, rather than to argue too much about
getting the short term parts of the policy exactly right.
If you choose an
emissions trading scheme such that permits
trade at (roughly) $ 30 / tonne, you'll
get (roughly) the same outcome, assuming that the
emissions intensity of generation is initially about 1 tonne / MWh.
So if you
get in the business of limiting CO2
emissions, of taxing CO2
emissions, of creating a value in CO2
emissions where people
trade them in this
emissions trading scheme, you go to the coal plants first because of the fact that that's the greatest source — single source — of CO2 that there is.»