Putting a high price on carbon could be a key instrument in the energy transition, but few countries are willing to embrace one and those that do tend to keep prices low. The debate is made more complicated by differences of opinion about the level at which carbon taxes should be set and about how revenues should be spent. New research suggests that reinvesting carbon revenues in energy efficiency programmes could be the best way to cut emissions
Carbon pricing hit the headlines this week as the latest report from the Intergovernmental Panel on Climate Change, a group of leading scientists who advise governments, underlined the importance of increasing carbon prices to reduce emissions. A day later, the Nobel Prize committee announced it was giving this year’s economics award to William D. Nordhaus and Paul M. Romer for their research demonstrating how a global scheme of carbon taxes, uniformly imposed on all countries, would be “the most efficient remedy for the problems caused by greenhouse gas emissions”. ...
Heavy industries are slowly starting to wake up to the reality of the energy transition, but full decarbonisation of the steel, cement and petrochemicals sectors is a significant challenge that will require new processes and significant amounts of clean energy
Coal-reliant regions around the world have been generally resistant to the energy transition and regulators have tended to defend the status quo. But they are slowly starting to realise that clear plans and financial support for disrupted societies are more important
The intelligent use of real-time data will help cities find the most timely and efficient solutions to reduce emissions and deal with the increased frequency of extreme weather events, a direct consequence of climate change, say Oliver Heidrich and Phillip James from Newcastle University, UK
Accelerating the energy transition will be good news for jobs, the economy and climate, says a major report published in September 2018
Reducing emissions from the ever growing aviation sector is no easy task. Renewables-based synthetic kerosene production is one solution currently being explored