Danish government plan generally ignores the idea that additional taxation would see businesses quit the country
AMBITIOUS PRICING Denmark’s proposed carbon price, above that of Europe’s emissions trading system (ETS), is high enough to change business cases and spur decarbonisation efforts
HEAVY DISCOUNT Heavy-industry may be offered a discount tax rate
KEY QUOTE This is a clear recognition that the EU ETS is not working well enough and that more is needed ...
When China later this year introduces its emissions trading system, it will double the combined size of all existing carbon markets.
An ambitious tax on carbon emissions globally and the reinvestment of carbon revenues in energy efficiency could be game changers for the energy transition even if most countries still remain reluctant to entertain such ideas
Political and physical barriers will make it difficult for US Democrats to turn proposals for a Green New Deal in to reality
As major markets around the world add various forms of carbon tax, in the United States a country-wide price on carbon is a political non-starter
For heavy emitters of carbon, capturing the particle before it hits the atmosphere offers a route to meeting climate change targets. The Danish government is hoping significant investment in the questionable technology will help its hard-to-abate sectors to fulfil ambitions