Tag Archives: carbon pricing

Business forums at COP26 revealed what company bosses need from carbon pricing to facilitate decarbonisation – and it is not ETS!

The recent Sustainable Innovation Forum 2021 and Hydrogen Transition Summit revealed that business leaders want to decarbonise but are held back by the lack of price ambition and predictability of the Emissions Trading Systems (ETS) carbon pricing regime. They argued for an economy wide, strong, predictable, preferably global, carbon price to facilitate decarbonisation, ….”The best (thing) governments can do to promote hydrogen is a global carbon tax” Seifi Ghasemi Chairman, CEO and President of Air Products.

The management consulting company Roland Berger advocates a high carbon price to render decarbonisation cost effective, at a level only currently found in Sweden and Switzerland (alongside ETS, with Climate Income in Switzerland). Stefan Schaible, Global Managing Partner, Roland Berger, stated that COP26 had been as he expected, not the lowest or the highest step in the right direction. There was however, a step change in opinion on the environment, (the German government even includes Green Party members!) so there is continuing pressure to reduce emissions targets……“We need action. We cannot go on like this for certain sectors such as energy and transport. Only with carbon at $100 per tonne will profits shrink dramatically or even halve so they (the industry sectors) have to move”.

Posted in Op-eds | Also tagged , , and | 25 Comments

Come to our Lib Dem Voice fringe at lunchtime!

Lib Dem Voice is sponsoring a fringe event (yes, free food!) from 1:00 – 2:30 today at the Highcliff Marriott, Bournemouth, in the Dorchester North room.

Focussing on climate change, our panellists will be asked “What sacrifices are you prepared to make for the planet?”

We have Ed Davey, MP, now Deputy Leader of the party, coming to give his ideas of policy areas that could help shift society’s habits. Joining him will be Baroness Cathy Bakewell, our Lib Dem Lords Spokesperson for the Environment, Food and Rural Affairs; Luke Murphy, Head of IPPR’s Environmental Justice Commission; Paul Sheeky from Extinction Rebellion; and Mark Campanale of the Carbon Tracker Initiative.

There will be lots of time for questions to our panellists – and also the opportunity to give your own ideas of what sacrifices you would be willing to make to save our planet.

Please come and be part of the discussion. I hope to see you there!

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Opinion: How the market will decide our energy future

Recently articles from both the TUC and CBI have bemoaned the burden of increasing energy costs on energy intensive businesses. Both organisations make the rather obvious error in thinking that a carbon price will inevitably drive the cost of energy upwards. In fact, the opposite is true. The stronger the price signal, the faster the market works to balance supply with demand.

The supply of fossil fuels is finite. Conventional oil has already peaked its supply (as admitted by the chief economist of the IEA) and tar sands and fracking are far too damaging to the environment to continue as …

Posted in Op-eds | Also tagged , and | 25 Comments
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