Economics

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CCL does not advocate any particular technology or approach to decarbonising the UK’s economy. We simply propose to make fossil fuels more expensive so that alternatives (from loft-insulation to nuclear fusion) can thrive. So, you may think that this week’s announcement, by the UK government, of a strategy to promote development of hydrogen is not…

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On Saturday G20 finance ministers endorsed carbon pricing for the first time as part of the tool bag needed to reduce emissions. Such tools include investing in sustainable infrastructure and new technologies to promote decarbonization and clean energy, “including the rationalisation and phasing-out of inefficient fossil fuel subsidies that encourage wasteful consumption and, if appropriate, the…

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An IMF blog about a new paper entitled Proposal for an International Carbon Price Floor among Large Emitters  yesterday argued that a globally applied carbon price to cut GHG emissions by 1/4 to a 1/2 over the next  decade is necessary to keep global warming below 2°C…….At the heart of our policy discussions with member…

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The eagle eyed among you may have noticed that this was originally a midnight blog!  I have decided to put it in News now that I have found a very good summary as I originally felt ill qualified to analyse what happened  at G7 and cast judgement, but have today found an article which does…

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The House of Commons Committee of Public Accounts report, Environmental Tax Measures, published today, is savage in its condemnation of the failure of the Government to align its environmental ambitions with the means to achieve them through its fiscal policy: Tax is an important instrument for pursuing government’s environmental goals, particularly getting to net zero…

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I hope many of you caught the news of top climate scientist, Jim Hansen, and his letter to Boris. I’m reposting it in this blog with Jim’s permission but without further comment except to say that much of the, unreported, segment concerns carbon fee and dividend with CCL-UK being recommended as Boris’s next port of…

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James Hansen has written a letter to Boris, which has been published in an article in the Guardian, ,asking that he set an example to the world at COP 26 by taking the lead on fighting climate change through the implementation of carbon fee and dividend: Why has such a policy not been adopted in…

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I have rather belatedly succumbed to subscribing to Carbon Brief Daily (weekly is also an option) it is a very useful and free way to find out what is been reported about climate policy……. Carbon Brief is a UK based website covering the latest developments in climate science, climate policy and energy policy. We specialise…

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Today, the 5th January 2021, there is an article in The Guardian endorsing CF&D as the best way to tax carbon, promote decarbonisation and create a fairer post pandemic world! It will be interesting to see the reaction to this article, it may signal wider acceptance of the benefits of CF&D across the political spectrum.…