Tag Archives: EU Emission Trading Scheme
In defence of the EU ETS (but not of the European Commission)
Today Reuters talks of the “battered carbon market”. All this year folk have been swiping and sniping at the EU ETS, starting with the CEO of E.On back in January this year. They don’t like the low carbon price and … Continue reading
Solidarity against protecting the climate
A new front has emerged in the battle for climate policy. Until now the right wing had an exclusive claim to campaigning against measures to cut emissions. Now this has changed. Reuters Point Carbon reported earlier this month that the … Continue reading
Can the debt crisis help cure the EU ETS?
“Drop everything!” cried Günther the other day, bursting through my door. His voice was trembling with excitement. “We have the solution; you won’t believe it. It is so elegantly simple. And … totally legal,” he purred. I sat him down, … Continue reading
Posted in Climate change policy
Tagged Archimedes, debt crisis, EU Emission Trading Scheme, EU ETS, Greece, Günther, set-aside
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Signal confusion
Does the EUA price constitute a signal or not? Should it? Trevor Sikorsky of Barclays Capital argues in Barclays’ Quarterly Carbon Standard (26th March 2012) that: “It is expectations that drive such investment [in clean technology] … not current prices.” … Continue reading
Clarification re the EIB funding lignite-fired power plant
I want to clarify something which became clearer to me after writing the previous post. There are two separable problems. 1. They are funding a lignite-fired power plant. But there are reasons which can justify that – for example, they … Continue reading