Thẻ: carbon price

How carbon prices are taking over the world

~ Đào Thu Hằng ~ Bình luận về bài viết này

A quarter of global emissions are now covered, and the share is rising fast

A lump of coal penned-in by barcodes
image: matt chase

economist.com Oct 1st 2023

If global warming is to be limited, the world must forget fossil fuels as fast as possible—that much almost everyone agrees upon. How to do so is the complicated part. Economists have long favoured putting a price on carbon, a mechanism Europe introduced in 2005. Doing so allows the market to identify the cheapest unit of greenhouse gas to cut, and thus society to fight climate change at the lowest cost. Others, including many American politicians, worry that such schemes will provoke a backlash by raising consumer costs. Under President Joe Biden, America is instead doling out hundreds of billions of dollars to turn supply chains green.

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China’s Weak Carbon Market Hits a New Roadblock — Data Fraud

~ Đào Thu Hằng ~ Bình luận về bài viết này

bloomberg.com

It took more than a decade for Europe’s carbon market to start cutting emissions, but the world no longer has the luxury of waiting that long for the world’s biggest polluter to improve its system

Emissions rise from cooling towers at a coal-fired power station in China.
Emissions rise from cooling towers at a coal-fired power station in China.Photographer: Qilai Shen/Bloomberg

ByBloomberg News 18 April 2022 at 17:00 GMT+7

China’s carbon market, hindered by low prices and thin trading, has struggled to become a useful tool in the country’s efforts to rein in its world-leading emissions. Now, accusations of data fabrication and questions over verification methods have added a new roadblock.More fromBloombergGreen

A recent provincial inspection unearthed widespread problems with emissions data submitted by power plants, who have to pay for every ton of carbon dioxide they generate that exceeds an allocated amount. Four consulting firms that help utilities prepare their submissions were criticized last month in connection with negligence or falsifying data.

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