Archive for October, 2006

Stern report available

30th 2006f October, 2006, Peter

The report on the economics of climate change, commissioned by the British Treasurer from Sir Nicholas Stern, is now available, from here.  The associated press release summarises the main findings as:
The first half of the Review focuses on the impacts and risks arising from uncontrolled climate change, and on the costs and opportunities associated with [...]

New action on emissions?

29th 2006f October, 2006, Peter

The British Government recently commissioned Sir Nicholas Stern, former Chief Economist for the World Bank, to review the economics of climate change.  His report is due to published tomorrow. Ahead of publication, the last week has seen a flurry of newspaper articles anticipating his findings.  This Financial Times story on Friday is typical.  If these [...]

Acting locally

25th 2006f October, 2006, Peter

Residents of Richmond-upon-Thames, a suburb of London, may soon pay more for parking if they drive cars which emit more CO2, under plans being considered by the local council.
Technorati Tags: CO2

Visions of Europe

20th 2006f October, 2006, Peter

For a long time, The Economist magazine was sceptical of climate change, but they now believe it is happening.  Today the magazine published an editorial, strongly critical of the European Emissions Trading Scheme (ETS).  An excerpt:
Unfortunately, the ETS has failed in all its three aims. Emissions were flat before the scheme’s introduction in 2005 (largely because [...]

Fuel duty and mis-aligned incentives

17th 2006f October, 2006, Peter

Richard Branson, owner of Virgin Trains (among other businesses), has asked the UK Government to reduce the fuel duty on blended biofuel, according to this Guardian article.  Pure biofuel attracts a duty of 6p per litre, while the duty on industrial diesel is 7p per litre.  The blend of the two fuels together is 50p per [...]