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🛢💸 The real deal about Carbon Pricing: Difference between revisions
🛢💸 The real deal about Carbon Pricing (view source)
Revision as of 12:52, 28 January 2021
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source 2: https://www.nature.com/articles/nclimate1332</ref> Glen P. Peters, a Norwegian scientist who participated to the later study, considers that in some ways the financial crisis was a missed opportunity to curb future emissions worldwide… A potential next question to open the scope of this carbon pricing series will be: “Will the 2020 crisis caused by COVID19 put some governments on good tracks to Paris pledges, or is it a short minor break on carbon emissions?” | source 2: https://www.nature.com/articles/nclimate1332</ref> Glen P. Peters, a Norwegian scientist who participated to the later study, considers that in some ways the financial crisis was a missed opportunity to curb future emissions worldwide… A potential next question to open the scope of this carbon pricing series will be: “Will the 2020 crisis caused by COVID19 put some governments on good tracks to Paris pledges, or is it a short minor break on carbon emissions?” | ||
==== | ====The Carbon capture and storage hoax==== | ||
[[File:|thumb|Thumbnailed image|.]] | [[File:|thumb|Thumbnailed image|.]] | ||
Despite being not correlated with a drop | Despite being not correlated with a drop of GHG emissions worldwide, some see the rise of the EU ETS carbon price since 2018 with hope (see [https://ember-climate.org/data/carbon-price-viewer/ Ember carbon price viewer].) Politics are not at all on the way to purely and simply force Carbon capture and storage (CCS) technics to be installed on all carbon intensive industries — from concrete plants to electric power plants burning fossil fuels. Still, <i>soft</i> mechanisms like the ETS market are supposed to play this role without interfering too much with “business as usual”. But economical models show that only a rise of the tonne of CO2 above 50€ could possibly force those industries to . | ||
CCS have become a great way for fossil industries to reassure their investors, with a “fallback solution” in case if States eventually decided to adopt <i>hard</i> mechanisms to make emissions drop mandatory (be it fines or taxes). The problem is that most predictive models and commitments for a way toward less than +2°C are calling massively on the use of CCS technics to | |||
== Notes == | == Notes == | ||