MIT Says Paris Will Only Make a 0.2C Difference
MIT is not part of the UN establishment; its report on the Paris pledges comes to a much different conclusion, than does the U.N. report. For example, MIT’s report says, “Under the proposed cuts,
UN Newsroom Distorts UN Findings on INDCs
Today (2015/10/30) the UN released its report on the aggregate effect of INDCs. The findings are inconclusive, and not very optimistic, so the Newsroom did its best to spin them. For example, it reported: One of the key findings is that the INDCs will bring global average emissions per capita down by as much as […]
World Bank and IMF Call for Global Carbon Pricing
In a joint post, the heads of the IMF and the World Bank have called for some form of global carbon pricing: “The transition to a cleaner future will require both government action and the right incentives for the private sector. At the center should be a strong public policy that puts a price on carbon […]
World leaders moving to price carbon emissions
Ahead of the November 2015 Climate Change Conference in Paris, a global Carbon Pricing Panel has been convened by World Bank President Jim Yong Kim and the International Monetary Fund’s Managing Director, Christine Lagarde to push for pricing of carbon emissions. (Full story)
Paris Climate Improvement Is Overstated
Many news stories have reported that because of the climate pledges made for the Paris climate conference, the world will warm by 3°C instead of by 5°C. This comes from a report of the EU Commission. But that report does not say 5°C, it says 3.8 – 4.7°C, which is 4.25°C on average. But even this value is too […]
UN releases new negotiating text
The 5 October version of the text is available here. The text mentions that financing could be more than the $100 billion per year already promised by 2020, coming from both public and private sources. Countries would be required to communicate their emissions goals every five years, a process seen as crucial to implementing an […]
Christiana Figueres confirms pledges are just self-interest
In an interview with CBS News, 2 October 2015, Christiana Figueres, Executive Secretary of the UNFCCC, said The United States or China or Tuvalu … none of them are doing this to save the planet. All of these countries are putting their best foot forward because they understand it’s good for their economies. And that is the […]
France to Quadruple Carbon Price
French lawmakers passed legislation to increase the target price of carbon to 56 euros ($61.48) a ton in 2020 and 100 euros a ton in 2030, The rate, now 14.50 euros a ton, climbs to 22 euros a ton in 2016 and is integrated in a levy on fossil fuels. This is an example of how a […]
Carbon Pricing Derailed by Cap-n-Traders
“All countries are relatively sceptical on international market mechanisms,” said Niklas Hoehne, founding partner of research group NewClimate Institute. “They are open to have national trading mechanisms or national pricing, but to have these mechanisms internationally, there is a lot of reluctance.” Reuters In other words, they would accept a commitment to a global carbon […]
Global Cap & Trade Is Dead: Price Carbon!
Reuters Carbon pricing will not be on the agenda in Paris (Dec. 2015) because the cap-&-traders have convinced the world that the only path to a global price is international cap and trade. And that would mean there would be huge random payments between countries as they fall short and exceed their targets over a period […]