If you look at the carbon tax as an experiment, there are four main conclusions you can draw from its results, 12 months after the price was removed.
Tag: "carbon budget"
Denial, anger, bargaining, depression, and acceptance. The 5 stages of grief for coal.
The CCA’s budget approach to emissions reduction makes it crystal clear that whatever we do now cannot be divorced from what must be done later.
A new study by an interdisciplinary group of scientists and economists has led to calls for more severe emissions cuts, and a tighter carbon budget.
IPCC report suggests we may have used two thirds of our carbon budget already. That would mean less than 10 per cent of world’s fossil fuel reserves could be exploited if the world is to have a better than even chance of avoiding runaway global warming.
Climate Commission adds voice for tight carbon budget, calls for major changes to energy production, says most fossil fuel reserves must stay in the ground.
When it comes to the shift to a low-carbon economy, many are so busy looking at politics for signs of change, they’re missing the signs in the market. Policy might be essential, but markets deliver solutions – and the signs are that this process is now well underway. Meanwhile, that carbon bubble just keeps getting bigger.