Tag: carbon pricing

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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…

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The latest report from the Intergovernmental Panel on Climate Change—the Synthesis Report for the 6th Assessment—is being described as “a survival guide for humanity”. That is because scientific evidence now makes clear: unchecked climate disruption will make it impossible to feed all of humankind, sustain ecosystems and biodiversity in all regions, and will lead to…

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The Government’s revised energy stategy has had extensive coverage since its release yesterday. One piece of good news is that the need for Carbon Border Adjustment Mechanism (CBAM) is now back on the agenda. Sadly though, the Government has not taken this opportunity to reconsider the decision to continue to maximise  the exploitation of the…