3 Matching Annotations
  1. Last 7 days
    1. What should be discarded is the idea, prevalent in the mainstream media worldwide and even at the UN, that charging for the social cost of carbon and its “offsetting” can replace public planning for socio-technological transition.

      I think the argument being made here, is that just having a price by itself it's a gross oversimplification about what is needed.

      And just because a price has been useful in places where you have seen a transition away from fossil fuel use, it doesn't mean you should start with a price.

      The price is the thing that comes in once you have a clear alternative to the fossil-powered default, to make it less attractive.

    2. The global carbon market approved in Baku will not overcome this problem. International competition to reduce costs to attract private investment is a systemic feature of the world economy. It creates a coordination problem, making it impossible to establish a single international price for carbon. International divergence in carbon prices undermines an effective system for reducing global emissions

      So a key thing about the global covered market discussion at cop, is that there is no single Price. So just like our countries compete to have low tax resumes you have the same thing for carbon here. Oh dear.

  2. Dec 2022