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A respected energy journalist on how the oil industry is lying to Canadians:
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#carbonpricing
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@davidho Thanks, I needed another thing to be angry about.
So flying within EU --> no carbon tax. But importing goods into EU --> carbon tax https://www.wired.com/story/eu-carbon-tax/
We need a global carbon fee and dividend plan. No exceptions; no free ride.
WIRED · The EU Just Kicked Off Its Biggest Climate Experiment Yet
European Commission lets low-carbon cements down with proposed ETS benchmark reforms [Promoted content] https://www.euractiv.com/section/energy-environment/opinion/european-commission-lets-low-carbon-cements-down-with-proposed-ets-benchmark-reforms/?utm_source=dlvr.it&utm_medium=mastodon #ALCCC #Carbonpricing #cement #concrete #decarbonisation
EURACTIV · European Commission lets low-carbon cements down with proposed ETS benchmark reformsThe EU’s Emission Trading System (ETS) is a cornerstone of EU climate policy, working to cut greenhouse gas
Carbon pricing: Economists question lump-sum payouts to households https://www.euractiv.com/section/emissions-trading-scheme/news/carbon-pricing-economists-question-lump-sum-payouts-to-households/?utm_source=dlvr.it&utm_medium=mastodon #Carbonpricing #climatemoney #emissiontradingsystem #ETS
EURACTIV · Carbon pricing: Economists question lump-sum payouts to households
Carbon pricing: Economists question lump-sum payouts to households https://www.euractiv.com/section/emissions-trading-scheme/news/carbon-pricing-economists-question-lump-sum-payouts-to-households/?utm_source=dlvr.it&utm_medium=mastodon #Carbonpricing #climatemoney #emissiontradingsystem #ETS
EURACTIV · Carbon pricing: Economists question lump-sum payouts to households
EU lawmakers signal support for upcoming ‘Industry Decarbonisation Deal’ https://www.euractiv.com/section/energy-environment/news/eu-lawmakers-signal-support-for-upcoming-industrial-decarbonisation-deal/?utm_source=dlvr.it&utm_medium=mastodon #Carbonpricing #ETS #EUEmissionTradingSystem
EURACTIV · EU lawmakers signal support for upcoming ‘Industry Decarbonisation Deal’
Britain said on Monday it would implement a new import carbon pricing mechanism by 2027, mirroring the EU scheme, with goods imported from countries with a lower or no carbon price having to pay a levy as part of decarbonisation efforts.
The government said the carbon border adjustment mechanism (CBAM) would apply to carbon intensive products in the iron, steel, aluminium, fertiliser, hydrogen, ceramics, glass and cement sectors.
EURACTIV · UK to implement carbon tariff by 2027, mirroring EU schemeBritain said on Monday (18 December) it would implement a new import carbon pricing mechanism by 2027, with go
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Sectors awarded for Climate innovation protects include:
“wind energy, ocean energy, manufacturing of components for the production of electrolysers, renewable energy, including solar PV and energy storage, non-ferrous metals and iron and steel…renewable hydrogen, cement and lime, chemicals and refineries, including carbon capture, utilisation and storage.”
EU carbon pricing, through emissions trading, funds Green innovation:
The Innovation Fund will have an estimated revenue of €40 billion from the EU Emissions Trading System between 2020 and 2030.
Just now 3.5billion€ in projects were awarded.
Climate ActionInnovation Fund: 37 large-scale clean tech projects sign grant agreements worth €3.45 billion supporting the EU’s clean energy transitionThe newest batch of highly innovative clean technology projects will receive funding from the EU’s Innovation Fund, one of the world’s largest funding programmes for the demonstration of innovative low-carbon technologies.
European Commission lets low-carbon cements down with proposed ETS benchmark reforms [Promoted content] https://www.euractiv.com/section/energy-environment/opinion/european-commission-lets-low-carbon-cements-down-with-proposed-ets-benchmark-reforms/?utm_source=dlvr.it&utm_medium=mastodon #ALCCC #Carbonpricing #cement #concrete #decarbonisation
EURACTIV · European Commission lets low-carbon cements down with proposed ETS benchmark reformsThe EU’s Emission Trading System (ETS) is a cornerstone of EU climate policy, working to cut greenhouse gas
A week before world leaders meet for the COP28 climate summit, Canada and the EU have committed to more environmental pledges.
Meeting at an EU-Canada summit, EU Commission President Von der Leyen said the alliance will "help us reach our net zero goal.”
The EU has signed up to Canadian PM Trudeau's Global Carbon Pricing Challenge which seeks to increase carbon pricing to 60% of global emissions by 2030.
euronewsCanada and the EU sign up to a 'Green Alliance' to slow global warmingA week before world leaders meet for the COP28 climate summit in Dubai, Canada and the EU have committed to more environmental pledges.
EU-wide carbon price from 2027: Berlin warned of €200 price shock https://www.euractiv.com/section/climate-environment/news/eu-wide-carbon-price-from-2027-berlin-warned-of-e200-price-shock/?utm_source=dlvr.it&utm_medium=mastodon #Carbonpricing #ETSII #Germany #JensSpahn
EURACTIV · EU-wide carbon price from 2027: Berlin warned of €200 price shock
EU-wide carbon price from 2027: Berlin warned of €200 price shock https://www.euractiv.com/section/climate-environment/news/eu-wide-carbon-price-from-2027-berlin-warned-of-e200-price-shock/?utm_source=dlvr.it&utm_medium=mastodon #Carbonpricing #ETSII #Germany #JensSpahn
EURACTIV · EU-wide carbon price from 2027: Berlin warned of €200 price shock
"Innovators deciding on how much to invest in R&D will generally spend less money than is socially optimal, because their decisions typically do not include the possibility that the result will create shoulders for others to stand on. That, too, calls for #subsidies".
⸺
https://gwagner.com/tax-subsidize/ by @gwagner #taxes #carbonPricing #greenCapitalism #innovation #EU #inflation #renewables #energy #growth #spillovers #transition
Gernot Wagner | Economist and AuthorEurope Must Tax Brown and Subsidize GreenThe US Inflation Reduction Act is a landmark legislative package that should be welcomed around the world, despite its putatively protectionist features. Owing to the positive learning-by-doing spillovers that follow from green subsidies, Europe and the rest of the world ultimately will benefit, too.
Arguments by indigenous people, against #carbonpricing:
- > Carbon pricing, including carbon trading, carbon tax-es and carbon offsets, are false solutions to climate change that do NOT keep fossil fuels in the ground.
- > Carbon taxes will always be low, will always be evad-ed, do not cut pollution to the degree needed, and are greenwash.
-> Carbon trading, carbon offsets and REDD+ are fraud-ulent climate mitigation mechanisms that in fact help corporations and governments keep extracting and burning fossil fuels.
-> Token revenues distributed to environmental justice communities from carbon trading or carbon pricing can never compensate for the destruction wrought by the extraction and pollution that is the source of that revenue.
-> The injustices, racism and colonialism of carbon pricing schemes are international in scope. Our re-sistance needs to be international as well.
read more here:
Carbon Pricing: A Critical Perspective for Community Resistance
https://co2colonialism.org/wp-content/uploads/2019/11/Carbon-Pricing-A-Critical-Perspective-for-Community-Resistance-Online-Version.pdf
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" #Carbonpricing is a term that was popularized by the #worldbank to include carbon trading (cap-and-trade and offsets), carbon taxes, and voluntary carbon markets schemes. Carbon trading was introduced within the #UN climate negotiations as a way to promote corporate-friendly measures and avoid regulations that could restrict polluting practices.
This allowed corporations to secure additional profit through trading carbon credits. The idea behind carbon trading is to allow corporations to trade away their commitments of reducing emissions. The idea, so the theory goes, is to achieve an overall reduction in emissions through trading and offsetting pollution, rather than reducing extraction and pollution at source.
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"-> Carbon pricing is about trade regimes and maintaining a neoliberal capitalist economy and not about cutting emissions at source.""Through this process of commodifying nature, Mother Earth’s ability and capacity to support a climate conducive to life and human societies is now passing into the same corporate hands that are destroying the climate and magnifying social inequities, especially in the global South.
-> A fundamental problem of carbon pricing is its tendency to perpetuate and aggravate these environmental injustices.
-> Carbon pricing is about trade regimes and maintaining a neoliberal capitalist economy and not about cutting emissions at source."
source:
https://co2colonialism.org/wp-content/uploads/2019/11/Carbon-Pricing-Volume-2-Webready.pdf