A new report
on carbon market reform has kicked off debate on the issue in the European Parliament.
Not exact matches
The white paper
on Electricity
Market Reform has mapped out a new policy to encourage the billions of investment that we need in all three families of low
carbon electricity generation — renewables, nuclear and clean coal and gas.
The decision has one down - side that the electricity
market reform will have to resolve: by dropping the CCS levy
on consumers and committing to taxpayer funding, it reduces the incentive of the existing power companies to engage with CCS, and reinforces the need for a strong emissions performance standard to ensure they have clarity about the low
carbon direction of the electricity
market.
Yet the economic advantages of a
carbon tax are so manifest that it is still possible, once the fiscal cliff negotiations are finished and talks turn to a truly transformative tax
reform deal, that leaders in Congress will begin to reconsider it, especially it if is
marketed on economic grounds.
Platts interviews David Hone, chief climate change advisor with Shell and chairman of the International Emissions Trading Association,
on the outlook for EU
carbon market regulation and long - term
reform.
Angela Knight of Energy UK
on Ofgem's wholesale power
market reforms, the government's proposed capacity mechanism and the transition to a low -
carbon power system.
The Trump administration, however, attempted to alter that trajectory with a number of actions in its first year, including rolling back EPA regulations
on carbon, methane and other pollutants, as well as pushing wholesale
market reforms to benefit coal and nuclear.
Consequently, the research report calls for action: (1) to
reform electricity
markets so that low cost renewables are dispatched first; (2) to extend robust moratoriums
on new coal power plants; (3) to cap longer - term coal consumption and emissions in the power sector in the context of
carbon markets.
Earlier today the chair of the EU Environment Committee, Mathias Groote, announced a second vote
on reforms to the EU's
carbon market will take place in July.
Initiatives such as the
Carbon Plan, Green Investment Bank and the Electricity
Market Reform demonstrate how the UK coalition government is well
on the way up the regulatory escalator towards encouraging zero -
carbon emissions within business.
The group recommended that the government should resolve the uncertainties over its plans for electricity
market reform as soon as possible, as well as setting out a clear policy
on the
carbon price floor — which ensures companies and generators pay a minimum price for their emissions - and work with industry to «foster a constructive dialogue with the public
on energy policy».
His most recent column, The
Market and Mother Nature,
on Jan. 9, 2013, placed a
carbon tax in the politically viable context of fiscal and tax
reform:
This is will be particularly important in areas where, for example, tenure
reform will be required to achieve key opportunities from
carbon markets on Indigenous lands.