These equity concerns include: the regressive impact of potential energy price increases on low - income households; the potential
for carbon pricing policies to allow some fossil fuel - fired power plants or refineries to continue to operate and emit air and water pollutants in neighborhoods already burdened by pollution; and the economic hardship to workers and communities dependent on fossil fuel industries for livelihoods or for their tax base as we transition away from these resources.
Not exact matches
With the exception of implicit
prices on
carbon on some emissions in Sweden, Japan, and Germany (see this recent OECD report
for details), no
carbon pricing policy in place today comes close to that type of stringency.
Or think of the
price the Canadian economy is expected to pay
for the damage wreaked by climate change after years of oil industry lobbyists opposing serious
carbon reduction
policies.
Some say implementing
carbon pricing now will hurt the Canadian economy by making it harder
for Canada to compete with the United States, which has no such
policy.
That's why we produced How To Adopt a Winning
Carbon Price: Top 10 Takeaways From the Architects of British Columbia's
Carbon Tax — a new compendium of insider tips
for policy makers who may be considering a
carbon pricing program.
I notice that TAU's two official reasons are: 1) insufficient market
for CO2, and 2) lack of a high enough
policy - driven
carbon price.
VICTORIA — Dan Woynillowicz,
policy director at Clean Energy Canada, made the following statement in response to the federal government's 2018 budget: «Today's budget announced support
for implementing key pieces of the government's climate change and clean growth plan, including putting a
price on
carbon pollution and extending tax support
for clean energy.
Canada's coming national
price on
carbon adds further fuel to the debate, as some will be looking
for Canadian industries affected by the
carbon price to get protections, maybe even in the form of a
carbon tax applied at the border on goods coming from places in the U.S. where there is no such
policy.
The game changing election of Donald Trump to President of the United States and the competitiveness implications
for Canadian
carbon pricing policies should be at the top of the agenda when First Ministers meet in December.
Exhibit A is a
price on
carbon, a foundational
policy that rewards clean innovation and curbs demand
for fossil fuels.
In case anyone didn't notice, the context
for climate
policy and
carbon pricing in Canada has just changed dramatically.
The decisions the current Government takes on transport to tackle the dual challenges of climate change and rising oil
prices could have significant repercussions
for many years to come... Friends of the Earth is calling on the Government to: «Change direction on transport
policy - and aim to rapidly move towards a low -
carbon transport system... Vehicle Excise Duty must be changed to make road tax on gas - guzzlers more expensive - and cheaper
for greener cars...»
A call
for more research, less coal and a
carbon price The report offers 10
policy recommendations to curb the morbidity and mortality stemming from climate change.
For example, Paul is against putting a
price on
carbon emissions, something that climate
policy experts and more than a few multinational companies are nearly unanimous in supporting.
«An effective
carbon price coupled with technology and operational improvements will be key to unlocking the huge potential
for pollution - free shipping,» said Kelsey Perlman, international transport
policy officer
for Carbon Market Watch.
With deep relationships in key
policy centres and commercial arenas, IETA is the collective voice
for the full range of businesses involved in
carbon pricing - all around the world.
It is important that the sequencing of
policy steps
for achieving the emissions target build from obvious win - wins to more difficult steps such as establishing a shadow
price for carbon.
For many years, there has been a great deal of discussion about
carbon -
pricing — whether
carbon taxes or cap - and - trade — as an essential part of a meaningful national climate
policy.
Cheaper and better clean energy technologies are not a substitute
for pricing, regulatory, public procurement or other
policies that will be necessary to make a full transition from fossil fuel based technologies to low
carbon technologies.
The best recent representation of Sachs's views is the paper he and others co-authored with James E. Hansen, the longtime NASA climate scientist who now has a climate
policy position at Columbia, in which they build on Hansen's longstanding call
for a rising
price on
carbon.
The fact that this country is putting a
carbon price and complementary
policies in place, at a level not below that of the EU, is remarkable and ought to be a sign of encouragement
for other countries.
In the wake of Australia's move to add a
price to
carbon dioxide emissions — which is particularly notable considering the country is one of the world's big exporters of coal (and related CO2 emissions)-- I sent a query to some Australian analysts of climate and energy
policy to see if this holds lessons
for the United States.
An auctioned cap or a tax with 100 % return of the proceeds to the people is the most practical
policy for several reasons: (a) it would begin real
carbon reductions quickly; (b) it would be an honest and transparent way of treating the American people; (c) it would attract the broadest attainable political coalition across party lines; (d) it would be administratively simple
for both the government and the private sector (with the tax or auctioned permits collected at the first point of sale or import of the
carbon - containing fuel); (e) it would be a non-regressive way of introducing the
carbon price into the economy; and (f) it would avoid a fiasco such as the special interest feeding frenzy that surrounded the recently failed Boxer - Lieberman - Warner bill in Congress.
And even if other
carbon pricing systems do take off, a complementary «pre-pay»
policy could prove beneficial
for stimulating early commercial demand
for carbon removal solutions.
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.
«
For example, adopting best - in - Canada
policies on renewable energy, staged phase - out of coal power and
pricing carbon pollution in Saskatchewan and Alberta would be three times more effective in reducing
carbon pollution than current
policies.
May 26: «Evolving
carbon prices in an uncertain world: the case
for cooperation but not too much» by Alan Lee, Climate Change
Policy Analyst.
Every few years, New York University's Institute
for Policy Integrity surveys economists who have expertise on climate change, and it always finds overwhelming support
for putting a
price on
carbon to drive down emissions — support that ideologues on the right routinely dismiss, usually on unfounded «economic» grounds.
In the 2016 elections, the passage of a number of revenue initiatives connected to direct investment in things people want could be a bellwether
for carbon price - and - invest
policies.
One reason
for the low
carbon price in the EU ETS is that many European countries have other climate
policies (
carbon floor
prices, feed - in tariffs to support renewables, energy efficiency
policies, transport
policies, etc) which are taking the load off the ETS.
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.
In an op - ed which appeared on July 27th in The Boston Globe (click here
for link to the original op - ed), Richard Schmalensee and I commented on this unfortunate outcome of U.S. political debates and described the irony that the attack on cap - and - trade — and
carbon -
pricing, more broadly — has been led by conservatives, who should take pride as the creators of these cost - effective
policy innovations in three Republican administrations.
There is evidence that the Midwest is steadily decarbonizing its electricity generation through a combination of new state - level
policies (
for example, energy efficiency and renewable energy standards) and will continue to do so in response to low natural gas
prices, falling
prices for renewable electricity (
for example, wind and solar), greater market demand
for lower -
carbon energy from consumers, and new EPA regulations governing new power plants.
Ultimately, the U.S. needs a long - term clean energy
policy that create a long - term market
for renewable energy, encourages and supports the integration of renewable energy, puts a
price on
carbon emissions, and increases funding
for research and development.
But it is dangerous to believe that a
carbon price, or any single market - based
policy, will do the work
for us, rendering other efforts superfluous or unnecessary.
These principles were adopted by American Sustainable Business Council (ASBC), BCL, Business
for Innovative Climate and Energy
Policy (BICEP), Corporate Climate Alliance (CCA), and Partnership for Responsible Growth (PRG) as a values - based way to understand key issues of carbon pricing, as well as a starting point for comparing specific policy prop
Policy (BICEP), Corporate Climate Alliance (CCA), and Partnership
for Responsible Growth (PRG) as a values - based way to understand key issues of
carbon pricing, as well as a starting point
for comparing specific
policy prop
policy proposals:
How do those who argue
for «values» as a primary input to
policy analysis justify the cost of values judgements that cause government to waste huge amounts of public money funding irrational
policies — such as
carbon pricing and incentives
for renewable energy?
And worse still they continually argue
for irrational
policies — like government imposed
carbon pricing schemes and very high cost renewable energy while blocking nuclear power development.
24 October 2017 Every few years, New York University's Institute
for Policy Integrity surveys economists who have expertise on climate change, and it always finds overwhelming support
for putting a
price on
carbon to drive down emissions — support that ideologues on the right routinely dismiss, usually on unfounded «economic» grounds.
Blue Moon Fund grant
for «To support global climate change mitigation by continuing to develop an unconventional oils index to quantify and ultimately index the
carbon potential of different oils, to inform
policy decisions including differentiated
carbon pricing, regulatory refo»
For instance, a market - based
policy like a
price on
carbon might encourage consumers to buy more fuel - efficient cars, but it will fall well short of revolutionizing global energy infrastructure and technologies.
And of course my favorite non-BRICS, as it has a very USA - like economy in miniature (except a stable, growing economy and well - managed low - corporate - tax haven that uses direct democracy to decide tax issues) with a
carbon cycle
pricing scheme that could become a model
for a made - in - America
policy that puts revenues from
carbon - emission -
pricing in the pockets of the owners of the
carbon cycle — the citizens, directly, British Columbia.
Jim Dipeso,
Policy Director of Republicans
for the Environment, endorses this approach, saying that it «makes use of market principles, by prodding the market to tell the truth about the costs of
carbon — based energy through
prices.
The Commission's report, released today in Berlin, concluded that a
carbon price of $ 40 - $ 80 per ton of CO2 equivalent by 2020, rising to $ 50 - $ 100 per ton by 2030, when combined with supportive
policies, would allow
for achievement of the Paris goal.
This paper sets out: - a definition of the social cost of
carbon, hitherto used in UK government appraisals to reflect the external costs of greenhouse gas emissions; - the rationale
for adopting a shadow
price of
carbon (SPC)
for use in
policy and investment appraisals across UK government; and the factors which the SPC reflects which the social cost of
carbon (SCC) does not; - our approach to setting the appropriate level
for the shadow
price of
carbon (SPC), now and in the future; and - how the SPC should be used in
policy advice, and why it differs from other
carbon price and cost concepts.
Beyond 2030, regional
carbon prices increase, including
for countries that previously had no climate
policies, and progressively converge at a speed that depends on their per capita income; on average, the world GHG intensity over 2030 - 2050 decreases at the same rate as
for 2020 - 2030.
The Energy Foundation's Climate Program seeks to build support
for effective
policies that would put a
price on
carbon and help...
Obama: I have always been in favor of an «all of the above» climate
policy, including a
carbon price with cap and trade, crippling EPA regulatory restrictions on the coal plus oil and gas industries, fewer incentives
for exploratory drilling, no further drilling on government lands, no Keystone pipeline, more taxes on the rich, etc..
But
for the core of climate
policy — which is
carbon pricing — the simplest, cleanest, and best way to avoid unnecessary costs and unnecessary actions is
for existing state systems to become part of the federal system.
My push is certainly more practical in that it looks
for a way to modify the existing
policy to get a credible
price on every or, to be fair, most tons of
carbon emissions to get the incentives aligned
for innovation and the elimination of low - value uses of
carbon.