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🛢💸 The real deal about Carbon Pricing: Difference between revisions
🛢💸 The real deal about Carbon Pricing (view source)
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, 13 March 2020→3. What are the concrete effects of carbon pricing on climate?
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source: https://redd-monitor.org/2020/01/25/greta-thunberg-we-are-not-telling-you-to-offset-your-emissions/</ref> | source: https://redd-monitor.org/2020/01/25/greta-thunberg-we-are-not-telling-you-to-offset-your-emissions/</ref> | ||
To conclude, the assumption that economic growth is always correlated to a minimum of CO2 emissions growth lays at the heart of carbon pricing, since it was never hidden that its goal is to mitigate climate change with the least negative effects on global markets. It seems obvious for European Commission to compare Europe’s reductions (-23%) with its economic growth (+61%); to show what “tour de force” it accomplished.<ref>EU Commission website, Progress made in cutting emissions, 2019. | ====To conclude, the assumption that economic growth is always correlated to a minimum of CO2 emissions growth lays at the heart of carbon pricing, since it was never hidden that its goal is to mitigate climate change with the least negative effects on global markets. It seems obvious for European Commission to compare Europe’s reductions (-23%) with its economic growth (+61%); to show what “tour de force” it accomplished.<ref>EU Commission website, Progress made in cutting emissions, 2019. | ||
source: https://ec.europa.eu/clima/policies/strategies/progress_en</ref> Accordingly, studies diverge about the effects of 2008-2009 global financial crisis (loss of economic growth) on carbon emissions. On one hand, emissions decrease in the US were believed to be caused by gas energy transition, but are suspected to be caused by the crisis.<ref>Climate Central Website, <i>Recession caused U.S. emissions drop, study says</i>, Bobby Magill, 2015. | source: https://ec.europa.eu/clima/policies/strategies/progress_en</ref> Accordingly, studies diverge about the effects of 2008-2009 global financial crisis (loss of economic growth) on carbon emissions. On one hand, emissions decrease in the US were believed to be caused by gas energy transition, but are suspected to be caused by the crisis.<ref>Climate Central Website, <i>Recession caused U.S. emissions drop, study says</i>, Bobby Magill, 2015. | ||
source 1: https://www.climatecentral.org/news/recession-caused-us-emissions-drop-19272 | source 1: https://www.climatecentral.org/news/recession-caused-us-emissions-drop-19272 | ||
source 2: https://www.nature.com/articles/ncomms8714</ref> On the other hand, global emissions might have grown faster worldwide following the crisis.<ref>Independent UK website, <i>Recession did not lower CO2 emissions</i>, Steve Connor, 2011. | source 2: https://www.nature.com/articles/ncomms8714</ref> On the other hand, global emissions might have grown faster worldwide following the crisis.<ref>Independent UK website, <i>Recession did not lower CO2 emissions</i>, Steve Connor, 2011. | ||
source 1: https://www.independent.co.uk/environment/climate-change/recession-did-not-lower-c02-emissions-6272333.html | source 1: https://www.independent.co.uk/environment/climate-change/recession-did-not-lower-c02-emissions-6272333.html | ||
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 economic crisis, that arise from the disastrous COVID19 virus, eventually 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 economic crisis, that arise from the disastrous COVID19 virus, eventually put some governments on good tracks to Paris pledges, or is it a short minor break on carbon emissions?”==== | ||
== notes == | == notes == | ||