At the beginning of 2027, the European ETS2, which aims to successively eliminate 40% of EU greenhouse gas emissions through higher fuel prices, will be launched. This July the European Commission already firmly reminded member states (except Austria) to implement ETS2 in national law. At the same time, uncertainties about future prices are high and…
The next UK government must address the cost of living crisis. It’s also clear from public data that the climate crisis is an ongoing concern for 75%. Now there is the opportunity to kill multiple birds with one stone. The latest developments in the EU Green Deal are contributing to international momentum on the subject of carbon pricing.…
This is an extract from the slideshow delivered by Cathy Orlando, CCI program director on the 20th December 2023 giving the CCI analysis of the outcome of COP28. The worst case scenario – that fossil fuels would get a free pass and the pledge to work to keep temperature rises within 1.5 Celsius would be…
When they say we need fossil fuels…….The primary driver of inflation around the world is fossil fuels. Economies are addicted to fossil fuels at every level: mobility, energy production, agriculture and goods production. When the prices of oil and gas go up, every other price tends to go up. Actually, high fossil fuel prices are…
The IMF, Carbon Pricing and Explicit and Implicit Fossil Fuels Subsidies Here are two terms that anyone who wants to preserve a stable climate needs to know: explicit fossil fuel subsidies and implicit fossil fuel subsidies. Explicit fossil fuel subsidies from governments directly reduce the price of fossil fuels, thus making it attractive to investors…
Both Labour and Conservative politicians have been spooked by the narrow by-election win in Uxbridge which has been squarely attributed to campaigning on the proposed extension of the Ulez scheme. Few commentators pointed out that Manchester, Bristol, Birmingham and Bradford received a combined £230m in Government funding for their scrappage schemes, but London and the…
The Labour Party has announced that it intends to stop the development of any new oil and gas fields in UK territory if it forms the next government. The move will have far-reaching consequences, leading to a rapid contraction of the UK’s oil and gas industry over the next decade. So it’s no surprise that…
A recent report discussed research on attitudes towards climate change and solutions which included Climate Income. The research covered 40,000 respondents from 20 countries representing 72% of global CO2 emissions. The results show climate policy support hinges on three key beliefs: • effectiveness – does it work ?• inequality – is it fair ?• household…
I recently wrote this article about Climate Income for the John Ray Initiative Website. (their strapline is : Connecting Environment, Science & Christianity). I was asked to reproduce it here and I hope you all find it useful and inspiring! What if there was a single ‘silver bullet’ policy that would bring down emissions of…
The outcome of COP 27 in Sharm El Sheikh treated the consequences – loss & damage, but not the cause – fossil fuels. It was a huge victory to get loss and damage funding. This is to be celebrated. We cannot rest yet. There is no mention of oil and gas in the COP 27…
