A world tariff war driven by Europe and the US over greenhouse gas emissions is likely unless there is a strong global agreement to prevent climate change. Read more here.
Economics
Need Floor-Price for Carbon?
A shake-up in the way the “boom and bust” carbon markets are working in Europe is being urged ahead of tomorrow’s auction of new emission certificates by the UK government. Read more here.
Economist Reports on Climate Conference in New York
SPAIN has business leakage, California has banned all coal-based electricity, cap and trade creates vested interests in property rights – these are some of the issues economist Alan Moran reports on in his summary of the recent Climate Change Conference in New York.
Dr Moran also notes that scientists at the conference did not agree on whether there is likely to be global warming or cooling in the near future or on the key drivers of climate.
[Read more…] about Economist Reports on Climate Conference in New York
Recession Stops Global Warming
Cartoon by Nicholson from ”The Australian” newspaper: http://nicholsoncartoons.com.au
US Cap n Trade Legislation Unlikely to Pass
US Senator Kent Conrad said that it would be a “distant hope” to expect the climate change plan to pass unless it includes help for industries that would be hit hard by limits on carbon emission production. Read more here.
To Tax or Trade Carbon
Australian economist Alan Moran considers the advantages of taxing versus trading to reduce carbon emissions and concludes the best policy for Australia is to do nothing till 2020, then catch up by 2050, given the Treasury’s estimate at 3 percent of GDP. Read more here.
Jennifer Marohasy BSc PhD has worked in industry and government. She is currently researching a novel technique for long-range weather forecasting funded by the B. Macfie Family Foundation.