Tuesday, 11 May 2021
  6 Replies
  91 Visits
Hello Everyone

The world has never had a global price on carbon. Instead, more than 60 trading emissions schemes and taxes have been made by national governments pricing a ton of CO₂, anywhere from less than $1(Poland) to more than $120 (Sweden). If we had an effective worldwide tax on carbon, it would discouraging polluting and make low carbon alternatives more cost effective. This would quicken the transition to renewable energies and create more certainty for businesses. Do you think that there will ever be enough cooperation to make this work worldwide?
more than a month ago
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#819
more than a month ago
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#829
The shipping industry recently called for a global tax on its carbon emissions in order to make low carbon shipping options financially viable:

https://www.bbc.com/news/business-56835352

Hopefully, they get what they asked for and that the same happens for other industries.
more than a month ago
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#833
A story in the Financial Times about big investors getting into carbon trading and driving up the price:

https://www.ft.com/content/a5ff89ec-323c-4fb8-85a1-9d0225ae3cdb
3 weeks ago
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#837
The author of a recent study in Nature Communications has suggested that, "climate policies and poverty eradication can work hand in hand if a pricing of greenhouse gas emissions is combined with a redistribution of the revenues in the form of a ‘climate dividend’.” Read the whole story here.
3 weeks ago
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#845
This story published today by Reuters says that:

There were 64 global carbon pricing instruments in operation in 2021, compared with 58 in 2020, covering more than 21% of global greenhouse gas emissions, up from 15.1% last year, the report said.


But sadly:

The World Bank said, however, that carbon prices in most regions of the world remained well below levels needed to drive changes to meet the 2015 Paris climate agreement.

"A majority of carbon prices still remain far below the $40–$80/tCO2e (tonnes carbon dioxide equivalent) range needed in 2020 to meet the 2 Celsius temperature goal," the report said. "Higher prices will be needed ... to reach the 1.5C target."

Adam Thyer, Founder at GreenExecutive

one week ago
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#854
The World Bank recently published a report, 'State and Trends of Carbon Pricing 2021':

https://pmiclimate.org/publication/state-and-trends-carbon-pricing-2021

Here is a press release summarising some of the key findings:

https://www.worldbank.org/en/news/press-release/2021/05/25/carbon-prices-now-apply-to-over-a-fifth-of-global-greenhouse-gases
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