The world has to reduce global carbon pollution from fossil fuels by 50% in this decade to avoid dangerous climate change impacts on vulnerable communities and nature. A full global move to 100% sustainable renewable energy is necessary by 2050 at the latest, with solar and wind power being the crucial components. Solid carbon pricing and ambitious emissions trading systems are fundamental contributors like other renewable energy financing and policy tools. To keep global warming below 1.5°C, we need a global effort directed at achieving:
- sectoral and tailor-made carbon or energy taxes, addressing highly different abatement costs;
- ETS permit prices of up to €80 – 150 per ton of CO2;
- sectoral targets and standards including energy efficiency and RES.
Stephan Singer, Senior Climate Science and Global Energy Policy Advisor, Climate Action Network. From his speech at the launch webinar of WCP “Carbon pricing as a win-win solution for a green recovery” held on 18th March 2021
Carbon price news worldwide
- Carbon reduction tax credit: An investment we can't afford not to make | TheHill Settembre 16, 2021That is where the most cost-effective, easiest-to-implement solutions lay. Chief among those is the reduction tax credit (RTC). It alone will not ...
- Democrats call on oil companies to testify on climate disinformation - CNBC Settembre 16, 2021BP spokesman Josh Hicks the company has received the letter and is advocating for policies like carbon pricing and regulating methane to support the ...
- Citizens' Climate Lobby: Price on carbon must be part of this year's climate legislation Settembre 16, 2021Carbon pricing is an essential and important component for reducing carbon emissions at the speed needed. Economists say carbon pricing is “the most ...
- Natural Gas Buyers Looking for Guidance to Recover Costs for Pricier RNG, Low-Carbon ... Settembre 16, 2021North American natural gas buyers are ready to embrace low-carbon options for their customers, but executives said they are wary about the dearth ...
- EU, Turkish steel mills concerned over record-high energy costs | S&P Global Platts Settembre 16, 2021"While prices have risen across Europe, wholesale prices have quadrupled in the UK and merely tripled in Germany, when accounting for carbon costs ...