Sentences with phrase «low carbon prices»

Indeed, Danish Energy Minister Martin Lidegaard said earlier this month that low carbon prices threaten the EU ETS.

Backloading is viewed as a short term fix to low carbon prices with larger changes required in the long run, including more ambitious climate change targets, to strengthen the bloc's climate policy well into the future.

It may result in a limit to the number of allowances available and an end to historically low carbon prices in the next ETS trading period (2013 - 2020).

Low carbon prices is the inevitable result — as it's in the interests of both the buyers and the sellers to keep the carbon price low.

Harvard economist and former Environmental Defense Fund (EDF) Chief Economist Robert Stavins claims that the low carbon prices of the ETS, and its little sister cap and trade system in the US Northeast, known as RGGI, prove not that they're failing but rather that they are working as planned.

The way to do that is with border fees on imports from countries with low carbon prices.

It is under fire from some environmentalists because of its relatively lax targets and low carbon prices, along with its vulnerability to fraud and abuse.

Economic theory suggests that even a low carbon price, like $ 10 a tonne, will influence decisions for some consumers.

Some economists believe that we should immediately put a high price on carbom emissions, while others like Yale's William Nordhaus believe we should start with a low carbon price and gradually ramp it up.

• Lifting the targets to 25 - 40 % by 2020 based on the latest scientific evidence • • Abolishing the free permits granted to the biggest polluters • • Ensuring that individual action results in lower emissions, not lower carbon prices • Unless these major flaws in the CPRS can be fixed the government should introduce a carbon tax as a matter of urgency.

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.

At lower carbon prices, plant developers could well conclude that it is more economical to build uncontrolled SCPC plants and then purchase credits to offset their emissions.

Still, between the unexpected boom in PV, the unexpected drop in wholesale prices, the unexpectedly low carbon price, and the financial crisis, all bets are off — the board resolves to stop all new coal projects that can still be held back and not to start any new ones.

In that context, some industrial players will probably consider securing some share of their future short positions in advance to benefit from lower carbon prices.

We've already seen in Australia how rooftop solar, improved efficiency, and a low carbon price have reduced demand for grid electricity resulted in the shutdown of gigawatts of coal power and the shelving of plans for new gas capacity.

This has led to lower carbon prices and thus a weaker incentive to reduce emissions.

Addressing market failure and voluntary measures would then lead to a lower carbon price, which would mean that less (or no) reserve permits would not need to be auctioned.

CDR may interact with existing policy incentives, such as effectively raising emission caps and lowering carbon prices.

Earlier this year, the EU agreed to hold some of the agreed supply of carbon credits off the market in an attempt to artificially drive up the low carbon price resulting from an oversupply of the allowances.

This would ensure that consumers pay for the carbon associated with the goods they purchase, regardless of where the goods were produced, and would encourage them to seek lower - carbon substitutes, as opposed to substitutes that have lower carbon prices.

Hansen acknowledged Sen. Cantwell's CLEAR («cap - and - dividend») bill which would return 75 % of revenue as well - intentioned but ineffective due to its reliance on a cap and its «low carbon price.»

Despite the low carbon price under the EU ETS, the airline industry wishes to see the EU scheme replaced by the global offsetting measure, fittingly referred to by airlines as their «licence to grow».

Thus, in some sense the low carbon price is a problem because its a sign that these other costly programs are doing the work of the cap and trade.

Not exact matches

That would give the company an even more dominant position in the pits north of Fort McMurray, which even some Calgary financiers consider a sunset industry in light of low oil prices and international pressure to reduce carbon dioxide emissions.

Or maybe she was concerned that mentioning lower prices for carbon fossil fuels would undermine her arguments on the environment.

If lower oil prices are as bad for Canada's economy as rate - cutting Bank of Canada Governor Stephen Poloz insists, the central bank might consider assessing the risks to the economy in a world where constraining carbon emissions becomes less of an abstract notion and more of a daily reality.

While the province's five - year - old carbon tax means BC residents pay higher pump prices, offsetting cuts to their personal income tax have left them with the lowest tax rates in the country.

Proposed carbon pricing legislation in the U.S. as well as low carbon fuel standards being adopted by California and other states could make many oil sands projects marginal or entirely uneconomic in future.

I asked her about reports that her government is planning to raise Alberta's $ 15 per tonne carbon price to $ 40 per tonne as a means to getting American approval for the pipeline project — a price that environmental critics say would be still too low.

Regardless of where exactly crude prices would end up trading, it's a certainty that once carbon emissions become more of a consideration the price of a barrel of oil will be heading lower.

Increasingly, companies across sectors and geographies are turning to an internal carbon price as one tool to help them reduce carbon emissions, mitigate climate - related business risks, and identify opportunities in the transition to a low - carbon economy.

In his year - end interviews, and in the final days of the fall sitting of the House of Commons, Prime Minister Stephen Harper said it would be crazy to impose additional costs on Canada's oil and gas sector in a time of low prices if the U.S. was not enacting similar carbon emission policies.

In addition Carbon Tracker, a market friendly group, now informs investors that low oil prices will favor existing production from low carbon and low cost conventional sources.

More and more companies are using an internal carbon price to prepare for low - carbon transition

Alberta's approach will use this very tool, and it substantially lowers the cost of carbon pricing on oilsands facilities — in fact, the efficient facilities may come out ahead.

Most Canadians believe action should be taken on climate change, and of all the options available, carbon pricing comes with the lowest economic costs

So, if one does want to lower emissions, the choice is not between a carbon price and nothing, but between a carbon price and regulations, technology subsidies, higher - cost renewable energy, or the long list of other tools.

For example, subsidizing investment in low - or zero - pollution energy sources can deliver important environmental and health benefits, especially in the absence of carbon and other pollution pricing.

From a short - term perspective, one might argue with some persuasiveness that the low national carbon price is a way for the economy to ease into this nation - wide pricing regime and that the annual increases to 2022 and beyond are on track to converge with SCC estimates (presumably the central value, not the 95th percentile).

It is feasible to define meals with simultaneously lower carbon footprint and lower price, thus avoiding trade - offs between these two criteria.

We are instead pressing ahead unilaterally with terrible policies: draining the budgets of families and businesses with excessive green taxes; picking losers by giving the most generous subsidies to the most expensive sources of low carbon energy; and recreating the volatility of the housing market with an emissions trading scheme where the supply of allowances is fixed, so fluctuations in demand lead to wild swings in the price.

The chancellor announced the government's intention to increase certainty for investors in low - carbon generation by putting a minimum price on the greenhouse gases emitted by the power sector.

«The carbon floor price mechanism presents an excellent opportunity to raise finance to support a new generation of low carbon fossil fuel electricity generation, using carbon capture and storage (CCS).

Initial allowances to emit emissions were overly generous, making the market price of carbon too low and the scheme ineffective.

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...»

Unfortunately, by slowing the proliferation of LCV technology (until the point where the price of oil means consumers literally can not afford not to have a low carbon vehicle) could have obvious repercussions for carbon reduction targets.

But it's key to get low - carbon electricity «at a price British consumers are prepared to wear».

«We must remember that prices also reflect the critical need for energy investment for a low - carbon future, where there are opportunities for new entrants to the market,» he said.

But that oil may simply go abroad, and low fuel prices may undercut the case for zero - carbon renewables.

A new study co-authored by an MIT professor shows that China's new efforts to price carbon could lower the country's carbon dioxide emissions significantly without impeding economic development over the next three decades.