Hugh

Hugh

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The climate problem presents a profound challenge to the current economic paradigm. Markets have largely evolved as systems for rewarding those who externalise the most. Pricing in the environmental cost of burning fossil fuels will entail a system-level reworking of the global economy. There’s also the problem of what kinds of policy are politically viable.…

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The Carbon Price Floor was introduced in 2013 in order to ensure that the price on carbon in the UK remained in line with our decarbonisation targets – the carbon price the EU Emissions Trading Scheme was delivering wasn’t (and still isn’t) high enough. The original target was to achieve a price of £30 per…

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It was anounced yesterday that David Cameron, Nick Clegg and Ed Miliband have signed a joint pledge to tackle climate change. (1) The joint declaration states. “Climate change is one of the most serious threats facing the world today. It is not just a threat to the environment, but also to our national and global…