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How to Curb Emissions? Put a Price on Carbon
http://wws.princeton.edu/news-and-events/news/item/how-curb-emissions-put-price-carbon[font face=Serif][font size=5]How to Curb Emissions? Put a Price on Carbon[/font]
Sep 3, 2015
By: B. Rose Huber | 609-258-0157
Source: Woodrow Wilson School
[font size=3]Literally putting a price on carbon pollution and other greenhouse gasses is the best approach for nurturing the rapid growth of renewable energy and reducing emissions.
While prospects for a comprehensive carbon price are dim, especially in the U.S., many other policy approaches can spur the renewables revolution, according to a new policy article published in Nature.
The current price of carbon – which is below zero, once fossil-fuel subsidies are taken into account – is far too low given the hidden environmental, health and societal costs of burning coal and oil.
…
"The current inadequacy of carbon pricing stems from a catch-22," the authors write. "Policymakers are more likely to price carbon appropriately if it is cheaper to move onto a low-carbon path. But reducing the cost of renewable energies requires investment, and thus a carbon price."
…[/font][/font]
http://dx.doi.org/10.1038/525027aSep 3, 2015
By: B. Rose Huber | 609-258-0157
Source: Woodrow Wilson School
[font size=3]Literally putting a price on carbon pollution and other greenhouse gasses is the best approach for nurturing the rapid growth of renewable energy and reducing emissions.
While prospects for a comprehensive carbon price are dim, especially in the U.S., many other policy approaches can spur the renewables revolution, according to a new policy article published in Nature.
The current price of carbon – which is below zero, once fossil-fuel subsidies are taken into account – is far too low given the hidden environmental, health and societal costs of burning coal and oil.
…
"The current inadequacy of carbon pricing stems from a catch-22," the authors write. "Policymakers are more likely to price carbon appropriately if it is cheaper to move onto a low-carbon path. But reducing the cost of renewable energies requires investment, and thus a carbon price."
…[/font][/font]