The latest World Energy Outlook, published by the International Energy Agency, argues that switching to cleaner, more sustainable energy makes economic sense as well as being needed to avert climate catastrophe.
“Each extra $1 invested in more efficient electrical equipment and appliances avoids more than $2 in power generation, transmission and distribution infrastructure, the report says.” [...]

Professor Michael Grubb of Cambridge University, a leading environmental economist, has joined the many calls for new carbon emissions targets if the ETS cap-and-trade scheme is to work, according to this BBC report.  Certainly, the current low price levels of emissions rights indicate that buyers think there will be plenty spare emissions capacity.
“Professor Grubb also [...]