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Surprisingly small tweaks to carbon pricing could balance cost with fairness
Researchers believe they found a way to resolve the tradeoff between too many different carbon prices and the need for big cash transfers between countries
December 15, 2020
Researchers have long known that there’s a tradeoff in global climate policy. The cheapest way to decarbonize is to implement a global cap-and-trade system with a uniform carbon price around the world. But this triggers a need for massive payments from wealthy to developing countries to equalize the financial burden.
Developing countries sometimes perceive this influx of outside money as a threat to national sovereignty, and wealthier countries don’t always follow through on their promises anyway. On the other hand, setting carbon prices on a country-by-country basis prevents the need for transfer payments, but raises the overall cost of global decarbonization.
Levke Caesar awarded with Publication Prize by the Leibniz-Kolleg Potsdam pressreleasepoint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressreleasepoint.com Daily Mail and Mail on Sunday newspapers.
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Million-dollar Food Planet Prize awarded to CSIRO innovation
FutureFeed, a livestock feed made from seaweed that reduces methane emissions in beef and dairy cattle by more than 80 per cent has been awarded the world’s largest monetary reward on the global food arena.
The Food Planet Prize recognises initiatives, organisations and individuals working to secure the world´s food supply while fostering a healthy and resilient biosphere.
Awarded by the Curt Bergfors Foundation, 2020 marks the launch of The Food Planet Prize; four awards, each including US $1 million, for efforts to reshape the food system.
To be impactful and to contribute to a sustainable and resilient food system, the solutions must be implementable reasonably fast and on a large, preferably global, scale.
European Truck Manufacturers Ending ICE Production in 2040
any emissions by 2040Â â pushing up its previous target date by a full decade.
The group, which includes Daimler, Scania, Man, Volvo, Daf, Iveco, and Ford, have all signed a pledge to focus on developing hydrogen and battery technologies so that petroleum-derived propulsion can be phased out of the trucking industry.
Up until recently, the world’s relationship with the internal combustion engine has been reminiscent of the scene in every movie where the villain is too busy explaining the plan to effectively execute one. The gasoline motor is strapped to the table while a coalition of corporate executives, environmental activists, and politicians explain their over-complicated plan for eliminating it. In their grandstanding, they failed to realize that double-o-combustion has slipped away and are forced to revise the plan and re-synchronize their watches.