Archive for April, 2007

Australia softens?

13th 2007f April, 2007, Peter

The strongly anti-Kyoto Australian government appears to be softening its opposition to climate change actions, such as emissions trading. The Prime Minister John Howard is a pro-business conservative, so it must be galling for him when big business, not the environmental left, tells him to do something about climate change.
“Mr Howard, under [...]

Trading in road travel permits?

11th 2007f April, 2007, Peter

A column in today’s FT by Giles Keating proposes a scheme similar to the carbon emissions permits marketplace for the buying and selling of rights to drive on Britain’s congested motorways. While the I’m sure many people will find the proposals crazy, I expect they would face less opposition than would nationwide road congestion [...]

Wanted: A stable, predictable price for carbon! (Must not be too low!)

10th 2007f April, 2007, Peter

Today’s London Financial Times has an editorial calling for political action to secure a successor agreement to the Kyoto Protocol, in the hope of avoiding a climate change catastrophe. Among good, strong words we read:
“Politicians will have to learn how to sell any deal, too. Many countries are responding to climate change by [...]

Another call to auction CO2 permits

10th 2007f April, 2007, Peter

This time from academic economists at Oxford University.
“A study co-authored by Robert Ritz of Nuffield College, to be presented to the Royal Economic Society’s annual conference next week, said the plan to auction up to 10 per cent of the allowances in 2008-2012, with the rest distributed to companies free, amounted to a substantial [...]

Air-travel taxes increasing emissions?

10th 2007f April, 2007, Peter

A study by Ireland’s Economic and Social Reseach Institute argues that the February increase in the UK’s air passenger duty — a tax on flights aimed at discouraging travel — is likely to cause people to take more long-distance flights, and thus increase overall carbon emissions arising from air-travel. One would [...]