Climate policy

How not to squander $130 trillion – a proposal to put carbon money in wealth funds

carbon pricing (photo The New Economy Magazine)

The proceeds from carbon pricing should be used to establish wealth funds from which current and future citizens can benefit, proposes energy and climate change economist Adam Whitmore. As all people have equal rights to the atmosphere, all should benefit from the use of this unique resource. … [Read more...]

Donald Trump’s China First, Russia Second, America Third foreign policy

Chinese President Xi Jinping at Davos photo World Economic Forum

By letting his foreign policy be governed by a simplistic “America First” principle, Donald Trump is achieving the exact opposite of what he intends. His way of putting America First, is enabling China and Russia to position themselves as the paramount nations on the world stage, writes energy and foreign policy specialist Michael Klare. Courtesy of Tomdispatch. … [Read more...]

The $200 billion fossil fuel subsidy you’ve never heard of

flood in the UK in 2007 (photo Shelly Jo)

In the United States, the official “social cost of carbon” (SCC) enters into many rules and regulations, such as fuel economy standards. According to Amir Jina, the SCC, which currently is calculated to be $36 per ton, shows that the U.S. fossil fuel sector gets $200 billion a year in hidden subsidies. The government should use the SCC to increase the carbon price, argues Jina, but the Trump administration is hardly inclined to do so. First … [Read more...]

States, not Trump, will decide future of U.S. electricity sector

Trump energy plan-slider

The new US president Donald Trump has quickly removed any reference to former president Obama’s Climate Action Plan on the website of the White House. It is not clear yet whether Trump will be able to dismantle the Clean Power Plan, which was part of Obama’s wider climate action program. According to Frederick Weston of the Regulatory Assistance Project (RAP) policies in the electricity sector have always been determined by the US States rather … [Read more...]

The geopolitics of energy: renewables are not in the race yet

Fatih Birol at Atlantic Council forum Abu Dhabi

At the Atlantic Council’s Global Energy Forum in Abu Dhabi on 12-13 January, oil executives, Middle Eastern energy ministers and experts in the geopolitics of energy came together to discuss the geopolitical implications of “the energy transformation”. Yet no one presented a vision of what a new global order, based on renewable energy, would look like, writes Karel Beckman, Energy Post’s editor-in-chief. The oil players all embrace renewable … [Read more...]

Australians can have zero-emission electricity, without blowing the bill

Shasta_College_Halcyon_Solar_Class_Redding_Tehama_Roof_County-slider

Australia, which already has the highest solar PV concentration in the world but still relies heavily on fossil fuels, can move to a zero-emission electricity system while keeping prices low, writes Paul Graham, Chief Economist at CSIRO (Commonwealth Scientific and Industrial Research Organisation). Courtesy The Conversation. … [Read more...]