Carbon taxes and emission trading systems are the most cost-effective means of reducing CO2 emissions-OECD

Carbon taxes and emission trading systems are the most cost-effective means of reducing CO2 emissions, and should be at the centre of government efforts to tackle climate change, according to a new OECD study.  Effective Carbon Prices shows that taxes and trading systems...

Select Your Countries:
Albania
Bosnia and Herzegovina
Bulgaria
Croatia
Cyprus
FYROM
Greece
Montenegro
Romania
Serbia
Slovenia
Turkey
   

    
Select SIX industries you would like to appear:
Aerospace & Defense Agribusiness & Forestry Auto Industry
Capital markets Chemicals Construction & Materials
Economy & Statistics Environment Energy & Utilities
Financial Services Food and Beverage Franchising
Gaming Infrastructure Machinery & Appliances
Marketing & Advertising European Union Metals & Mining
Paper & Packaging Pharmaceuticals Real Estate
Retail Shipping Science
Telecoms, IT, Electronics, Media & Internet Textile & Clothing Tobacco
Tourism Transportation Wood and Furniture
Other        
Note: You can always change your choice later by unchecking the appropriate box or uncustomize all..        

Getting started

The first thing you need to do is choose a news reader, if you already don't have one. This is a piece of software that checks feeds you have requested and lets you read any new articles that have been added. There are various types of news reader. You should choose one that will work with your computer’s operating system.



When you have chosen a news reader, you can decide what content you want to keep up to date with. Please choose from below:

Albania Bosnia and Herzegovina Bulgaria Croatia
Cyprus FYROM Greece Montenegro
Romania Serbia Slovenia Turkey
INTERVIEWS BY BALKANS.COM      

Problems ?

Alternatively, you can paste one of the BBN RSS URLs into a new feed in your news reader.


http://www.balkans.com/rss/english/albania.rss
http://www.balkans.com/rss/english/bulgaria.rss
http://www.balkans.com/rss/english/cyprus.rss
http://www.balkans.com/rss/english/greece.rss
http://www.balkans.com/rss/english/romania.rss
http://www.balkans.com/rss/english/slovenia.rss
http://www.balkans.com/rss/english/bosnia.rss
http://www.balkans.com/rss/english/croatia.rss
http://www.balkans.com/rss/english/macedonia.rss
http://www.balkans.com/rss/english/montenegro.rss
http://www.balkans.com/rss/english/serbia.rss
http://www.balkans.com/rss/english/turkey.rss

Find more about RSS FEEDS !
Name:  Surname: 
Country:  Company name:
Email (Username): (If you would like to change your email address please notify us at news@balkans.com.)
Password:  Confirm password: 
Visak koda  
   
     

MY ALERTS

MAKE NEW ALERT

 E-mail article  Print  Save Additional News in English Još vesti na Srpskom Επιπλέον ειδήσεις στα Ελληνικά  Text

Carbon taxes and emission trading systems are the most cost-effective means of reducing CO2 emissions-OECD



Balkans.com Business News Correspondent - 05.11.2013

Carbon taxes and emission trading systems are the most cost-effective means of reducing CO2 emissions, and should be at the centre of government efforts to tackle climate change, according to a new OECD study.  Effective Carbon Prices shows that taxes and trading systems are preferable to other policies, such as feed-in tariffs, subsidies and other regulatory instruments. For example, the average cost of reducing a tonne of carbon emissions in the road transport sector can be up to eight times higher when instruments other than fuel taxes are used, according to the report.  “Countries are pricing carbon in a multitude of ways, not always the most effective,” said OECD Secretary-General Angel Gurría. "There has been a huge amount of taxing and regulating around carbon, with prices established too high or too low, and the outcome has been far from optimal. This is a chaotic landscape that sends no clear signal, and must be addressed.” The study draws lessons from climate change policies in 15 countries in some of the sectors that generate the most emissions: electricity generation, road transport, pulp & paper and cement, as well as household energy use. It underlines that while the cost of carbon taxes is clear – which is why they are easy targets for political opposition – other policy instruments entail higher costs to society per tonne of CO2 abated, in many cases, substantially higher. The report confirms that countries could achieve higher levels of emission reductions at lower cost if they used smarter, market-based policy instruments. In the electricity sector, capital subsidies cost EUR 176 per tonne of CO2 abated; feed-in-tariffs,(long-term contracts for energy producers, typically based on the cost of generation of renewable energy) cost EUR 169 per tonne; and trading systems EUR 10 per tonne of CO2 on average. Yet capital subsidies and feed-in-tariffs are much more commonly used in spite of being more costly.  During a lecture hosted by the London School of Economics earlier in October, Mr Gurría said governments must adopt a coherent approach to carbon pricing if they are to meet international commitments to gradually phase out fossil fuel emissions and limit climate change to a 2ºC temperature increase from pre-industrial levels. “There is only one way forward: governments need to put in place the optimal policy mix to eliminate emissions from fossil fuels in the second half of the century,” Mr Gurría said. “Cherry-picking a few easy measures will not do the trick.”
OECD Countries in the region include Slovenia, Turkey and Greece. OECD


LATEST NEWS ON BALKANS.COM

Related News in English

Povezane vesti na srpskom

Συναφείς Ειδήσεις στα Ελληνικά

Email