The Australian Prime Minister, John Howard, has finally relented, and is now willing to consider trading of carbon emission rights. To use a common Australian expression, even Blind Freddie could see this was going to happen eventually; all that Howard’s Government has done is delay the inevitable and so make it harder for Australian companies to [...]
Carbon hit its lowest price ever when it closed on Friday at just €8.64.
Will you be buying?
UPDATE: Monday’s closing price was even lower, at €8.36.
Technorati Tags: Carbon, lowest price
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 [...]
Discount airlines have now become targets for direct-action environmental campaigners, upset at the carbon emissions arising from cheap air-travel. Yesterday’s Guardian newspaper carried a story about protest action which prevented staff from entering the head-office buiding of EasyGroup, owners of airline Easyjet. This was accompanied by co-ordinated protests against regional airports and travel agents in Britain. The [...]
