Under the current rules, the federal government takes the most responsibility for buying carbon credits. A blockchain-driven market would be faster, smarter, and much more open.
Suzi Kerr, Te Herenga Waka — Victoria University of Wellington
New Zealand is a trailblazer for emissions trading, which could help drive a low-emission transformation, both domestically and overseas, in a post-Paris world.
Whether or not farmers believe human activities are changing the climate (many don’t), an agriculture specialist urges them to pursue payments for techniques that return carbon to the soil.
Global indigenous and human rights movements that oppose the oil, coal and gas industries are charting a path for a fair and just transition to a low carbon energy future.
Despite there being no reference to the words “market mechanism” or “carbon market” in the agreement, the agreement clearly establishes a new international carbon market mechanism.
You’ve changed your lightbulbs, you recycle, you’ve retrofitted your house, cycle when you can, and drive an electric car when you can’t. You’re doing your bit to reduce your carbon emissions and prevent…
Luca Taschini, London School of Economics and Political Science and Josh Gregory, Imperial College London
In 2008, the European carbon market crashed. Carbon emission allowances in the EU Emissions Trading System (ETS) plunged from €30 per tonne of C02 in June 2008 to €7 at the beginning of 2009. Prices have…
The idea of the “green economy” goes in and out of fashion, not least because it is rarely defined and frequently misunderstood. Partly this is because different groups find ways to exaggerate the aspects…
Many are puzzled by the political theory of carbon markets. Why does the Institute for Public Affairs – a libertarian think tank – oppose a market in carbon? Tim Wilson, for example, thinks that private…
Cameron Hepburn, London School of Economics and Political Science
Just as scientists almost universally agree greenhouse gases contribute to the planet’s changing climate, economists almost universally agree the problem is made worse because polluters don’t pay for the…
Many Australian consumers and businesses are working on ways to reduce their greenhouse gas emissions. For some, the carbon tax meets their needs: it’s designed to specifically motivate changes in behaviour…
… It became absolutely obvious after the Copenhagen conference that the rest of the world was not going anywhere near carbon taxes or emission trading schemes and that’s why the Coalition is absolutely…
Earlier this week the federal Government announced important changes to the carbon pricing mechanism (CPM). The political and economic consequences have been much discussed, but the less-talked-of legal…
You might have thought Australia’s carbon pricing scheme was done and dusted – at least until the next government comes in. Today’s announcement about the price floor and international permit trading proves…
International carbon markets are on the nose in some quarters. From some on the left they are seen as a cheap way to absolve polluters’ sins without having a real impact on reducing emissions. From some…