Lord John Browne, former CEO of BP, and Nick Butler, the Director for Energy Studies at the Cambridge Judge Business School, have proposed an International Carbon Fund, on the model of the International Monetary Fund: to decide on global carbon emissions reductions targets, and then to decide quotas for emissions for each country. [...]
It’s easy to design policy mechanisms which create incentives for the wrong sorts of behaviour, it seems. The Economist today reports on the incentives which the Kyoto Protocol has created for factories to produce MORE greenhouse gases other than carbon dioxide:
“Even after accounting for their potency, HFCs make up less than 1% of [...]
It is easy to forget, amid all the doomsday talk about climate change, that there will also be winners as well as losers from the resulting changes to our environment. Gideon Rachman, columnist in the FT, argued yesterday that one challenge facing anyone seeking to tackle climate change is that the costs and [...]
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 [...]
