Sentences with phrase «higher carbon price»

However, where that is true, CCS would be the option deployed by firms in the face of a sufficiently high carbon price.

Higher carbon prices mean a bigger incentive to cut emissions.

This protects American families no matter how high carbon prices go.

But that, the commission says, would require stronger action through other policies and instruments and perhaps higher carbon prices later as well, and might increase the total cost of the change.

According to this, many firms are already looking at high carbon prices to guide investment decisions.

Carbon pricing globally — already implemented or planned by some 42 countries and 25 states, provinces and cities but there is an urgent need for higher carbon prices.

Higher carbon price needed to slow coal The coal infrastructure and capacity for exports are saturated in the United States, said Carlos Alvarez Fernandez, one of the authors of the IEA report.

How do we reduce carbon emissions in the absence of high carbon prices and what strategies can accommodate developing countries» overriding need for inexpensive energy?

This is because it will take a relatively high carbon price (to the order of US$ 30 - US $ 40 per ton according to experts) to shift investments to cleaner energy sources.

Former UN climate chief says there's little chance 2015 summit will be able to curb soaring emissions, arguing high carbon price is best solution

If some kind of political change makes governments serious about hitting the 1.5 — 2.0 ËšC temperature targets from the Paris Agreement, it will mean doing everything possible to rapidly reduce emissions, from imposing high carbon prices to mandating the abandonment of especially harmful technologies and practices like burning coal and using exceptionally filthy fuel for international maritime shipping.

Fossil fuel subsides will hit zero and higher carbon prices applied to shrinking emissions will reduce the growth of redeployable capital from that crucial economic reform.

Even a much higher carbon price of 300 Euros per tonne would only result in a moderate increase in ticket prices, and therefore only a moderate reduction in demand and emissions growth.

«I don't see India, China or South Africa coming in with a sufficiently high carbon price to drive them off coal,» he said.

For instance, high carbon prices mean businesses sell services rather than products, car ownership becomes prohibitive and public transportation more efficient, and we move to a sharing culture.

Consider the idea that shareholder might vote on whether Exxon should «assume a higher carbon price when it drills for oil.»

Commentators including Parliament's Energy and Climate Change Committee and IPPR have argued that the only logical solution is for the UK to scrap the CPF and push for a high carbon price across the whole of the EU instead.

«A higher carbon price would play a role to change the competitive picture.»

A higher population leads to a higher carbon price but a lower optimal peak temperature; this is because it is even more important to limit temperature rise when there are more future people who will suffer the damages.

Cramton and Stoft have previously proposed using this scheme to reward poor countries who adopt a much higher carbon price.

First, while there can be no doubt that a high carbon price will result in a significant transformation of the Australian economy, it must be remembered that such transformation is the actual goal of an emissions trading scheme.

High carbon prices are also likely to accelerate the development of large - scale energy storage, smart grids and demand - side response, where energy users shift consumption away from peak periods.

Higher carbon prices will eat further into operating margins that have already been severely eroded by the growth of renewables, forcing less efficient coal plants off the grid altogether.

Shell was judged the best performing fossil fuel firm in the new table, gaining a «D -» grade, due to its support for higher carbon prices, which could be used to fund its plans to develop carbon capture and storage (CCS) technology.

Cheaper renewables, stronger energy efficiency measures, new storage technologies, higher carbon prices and fluctuating energy prices will all influence global gas demand.

With a price of $ 168 per tonne of carbon dioxide, it has the highest carbon price in the world.

And unless a global carbon market is established, there's always a danger polluters will just move from a region with a high carbon price, to a market with a lower price, or no price at all.

Once the lowest marginal cost, low - emission power sources are exhausted, higher carbon price - adjusted energy sources will be dispatched into the grid until demand and supply are balanced.

Yet the projections are for demand to start rising again, even with a high carbon price.

Only a high carbon price, in excess of $ 50 / tonne, will materially alter electricity generation given the dispatch order of plentiful, cheap coal and natural gas.

Stricter air pollution rules and higher carbon prices are set to push even more plants into unprofitability, according to the analysts Carbon Tracker, with 97 % of the plants losing money by 2030.

My understanding is that there is still great interest in a carbon price, if only because if there is a high carbon price, they enable all kinds of market based solutions.

Within an IAM, investment decisions are made with long - term, stable and high carbon prices, perfect knowledge of technology costs, and perfect coordination along the international supply chain, leading to zero risk of investments failing.

> I think a high carbon price is politically impossible, which is why I argue for starting low with investments in innovation as part of the package.

The internal company projections range across industries, but generally it appears that the oil companies are forecasting the highest carbon prices in their internal planning, with BP pricing $ 40 per ton of carbon dioxide, Exxon Mobil $ 60, and Royal Dutch Shell $ 40.

The higher carbon price due to restricted carry - over could actually benefit surplus allowance holders, since it would avoid a likely price collapse after 2012.

Most famously, Nicholas Stern, an economist at the London School of Economics, argued in 2006 for quick, aggressive action to limit emissions, which would most likely imply much higher carbon prices.

If this sounds similar to my argument that the costs of emissions limits would be tolerable, it ought to: the same flexibility that should enable us to deal with a much higher carbon prices should also help us cope with a somewhat higher average temperature.

Together, these three key policy changes (higher carbon prices and eliminated subsides) and economic benefits (reduced health care outlays) will redeploy as much as $ 9 trillion a year (roughly seven percent of the world economy) to to better uses.