Sentences with phrase «global carbon pricing system»

Yet it is highly unlikely a global carbon pricing system will be implemented because negotiators recognise the high cost for negligible benefit for participants until there is a global system with near full participation (all human - caused GHG emissions from all countries).

But states often serve as laboratories of democracy, and a successful carbon tax in Massachusetts could help to broaden support for a national or even global carbon pricing system — if powerful fossil fuel companies like ExxonMobil get out of the way.

Yet it is highly unlikely a global carbon pricing system will be implemented because negotiators recognize the high cost for negligible benefit for participants until there is a global system with near full participation (all human - caused GHG emissions from all countries).

Any global carbon pricing system is thus going to have to be fair enough to get them on board.

Not exact matches

Assuming a global system that would put a price on carbon emissions, the scientists then calculated the value of carbon credits awarded to homeowners and businesses for making their roofs and streets lighter.

In November, the World Bank announced that the value of global carbon pricing initiatives, such as California's cap - and - trade system, is now $ 52 billion and growing by 7 percent each year.

Photo: Reuters I last raised the issue of a carbon price in «What Unconventional Fuels Tell Us About the Global Energy System», which added several data points to Charles C.

«What we find is that sustained low or high oil prices could have a major impact on the global energy system over the next several decades; and depending on how the fuel substitution dynamics play out, the carbon dioxide consequences could be significant.»

In particular, IIASA researchers will focus on how potential phosphorus market crises might put pressure on the global food system and create environmental ripple effects ranging from expansion of agricultural land to phosphorus price - induced changes in land management, which could exacerbate the already existing imbalance between carbon, phosphorus and nitrogen.

Put another way, one can not expect a completely unregulated free marketplace to help responsibly address the global warming problem unless there is a «price» assigned to emitting carbon dioxide into the atmosphere, by way of (for example) a carbon «cap - and - auction» system or carbon tax: A small detail of basic economics, apparently forgotten in ExxonMobil's massive public campaign.

Earlier this month, investors handling trillions of dollars a year called on governments to establish a stable system for global carbon pricing.

Both carrots and sticks — participation in a global carbon trading system, for example, or the imposition of border tax penalties based on carbon pricing — are options that could be considered in the future.

The current insufficiencies of the ETS have also spurred German politicians to make carbon pricing part of their electoral platform.The Free Democratic Party, for instance, calls for an expansion of the ETS to other sectors, which the party hopes would eventually lead to a global emissions trading system.

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.