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Technical abatement and behavioural change. Warning: high yawn factor
In its famous series of reports on the potential for cutting greenhouse gas emissions, Mackinsey, a consultant, restricts its “marginal abatement cost curve” to technical or technological measures and explicitly excludes behavioural change. So you get a list of things … Continue reading
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The Balloon
The Bustard’s second rule on carbon pricing: “In an economy where use of fossil fuels is pervasive, carbon pricing will lead only to inflation.” Carbon pricing will increase the price of energy intensive products and services. In a pure market, … Continue reading
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CASPER, part II
Hours went by. Our political friends were fretful and panicky as the clock ticked through the night. They squabbled and sparred, speculated and frowned, paced round and round the minister’s oak panelled office in despair. Occasionally one of them would … Continue reading
Posted in The Chronicles of Nat Eb
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CASPER, part I
“£205,” said Klaxon-Schmitt. “£205? Pricey, Sir, but not unreasonable,” said Gertrude, the minister’s personal assistant. “Yes, but only 15%.” “15%??” “Yes. It’s falling every week.” “That’s bad. Last time we had 18%. And it was …” “£193.” Heinz Klaxon-Schmitt had … Continue reading
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Laughing and crying – addendum
You might say: Well this proves that we can cut demand by pricing carbon. Check the numbers. Before the recent increase Brent Crude was around $80 a barrel. Now it’s $120 a barrel. An increase of $40 a barrel. Say … Continue reading