“Consumers Will Pay For Carbon Pricing Costs” by Irina Slav

[Tom Nolan + 2,443]

Consumers Will Pay For Carbon Pricing Costs

By Irina Slav - Nov 22, 2020, 2:00 PM CST

https://oilprice.com/Energy/Energy-General/Consumers-Will-Pay-For-Carbon-Pricing-Costs.html

Carbon pricing sounds like the simplest solution to the world's emissions problem: if you want to emit, you have to pay for it. Europe has pioneered carbon pricing efforts with its emissions trading system, but now these efforts are turning out to be insufficient. At the same time, there is a push in the U.S. to utilize carbon pricing as a means of dealing with climate change. But will it work?

There are two ways in which carbon pricing policies can be implemented: one is the direct charging of emitters for the carbon dioxide they release, and the other is the so-called cap-and-trade way, which Europe has adopted in its Emissions Trading System (ETS). Basically, the cap-and-trade approach allows emitters a small amount of free emissions, and if they pollute more, they need to either pay for additional allowances or offset the emissions by investing in clean energy.

In the United States, California is the poster child of climate change efforts and carbon pricing is part of its arsenal. The state also adopted a cap-and-trade mechanism in 2013 and has seen its emissions decline, as has Europe. However, in the context of the latest commitments on emission reductions, neither decline seems to have been enough.

According to an analysis in Boston Review, carbon pricing as we use it now is simply not the best political solution to the emissions problem. Citing California's experience, the authors point out how thanks to the excess supply of pollution permits, the price of emissions has been lower than it should be in order to not just bring revenues into the state coffers but change the behaviors of companies, so they pollute less.

The authors attribute the inefficiency of California’s—and other places’—carbon pricing mechanism to fossil fuel companies' interference, blaming them for turning the public against such measures while officially supporting them as a solution to the emissions problem.

Fossil fuel companies are indeed backing carbon pricing as a solution. Whether their motivations are as sinister as the authors of the Boston Review article suggest, or whether they welcome the straightforwardness of carbon pricing as a principle is not particularly relevant. What is relevant, according to that analysis, is changing the mentality of people so that they accept higher prices for a range of goods and services.

This is the ultimate drawback of carbon pricing: the companies that fall within its scope have to pay for allowances. They often pass on these additional costs to their customers. It was a proposed price hike for carbon that prompted the yellow vest protests in France, and these protests are one of the best illustrations of why the public is not a fan of such measures.

Yet if done right—with high enough carbon prices—this policy could offset other costs related to climate change, argue the authors of the Boston Review article. All we need is to make the people who will pay for these high carbon prices that their children will live in a cleaner world. Others—a team of researchers from Stanford—argue now is the best time to make carbon pricing work.

"When we think about long-term problems like the pandemic or climate change, it's easy to assume that the solutions could conflict since they all require massive resources," says the lead author of the study, Kian Mintz-Woo. "But what we describe in this article is how the context of the coronavirus crisis actually provides a unique opportunity for mutually reinforcing forward-thinking solutions to improve sustainability and wellbeing as countries recover."

The argument: economies are already disrupted by the pandemic. One more disruption in the form of carbon pricing could pass more painlessly than it would in pre-pandemic times. What's more, the current challenging environment could motivate the right kind of reactions to carbon pricing from the business world: focusing on sustainability rather than paying for carbon allowances.

Europe is already ramping up its carbon-pricing efforts, despite the pandemic that led to the biggest postwar slump on the continent. Bloomberg recently reported that the EU is planning a major overhaul of its Emissions Trading System that will result in not just higher prices for pollution but also extend its scope to include the shipping industry.

On the face of it, this would lead to higher prices for a lot of things at a time when millions of people are either furloughed or out of a job permanently because of the pandemic. This does not really make sound sense. But, say the authors of the Princeton study, it's not high prices that have led to the slump in consumer spending during the pandemic. It was the shrinking economic activity in general that led to this.

The researchers may have a point, but the memory of the yellow vest movement may prove to be a bit too fresh in people's memories. Still, the EU's climate-related policies offer insight into what works and what doesn't really, so other countries can pick and choose the measures that work best for them.

Carbon pricing is a case in point. Higher prices, necessary as they may be in order to force companies to change their behavior, could still meet with some public opposition, even in green Europe. This, in turn, would provide valuable insight for U.S. regulators and carbon pricing proponents on what (not) to do.

By Irina Slav for Oilprice.com

 

 

Edited November 23, 2020 by Tom Nolan

[Tom Nolan + 2,443]

Klaus Schwab, The World Economic Forum, Bill Gates and the Devos crowd have been hitting the following quoted line in order to bring about a Technocratic World Order.

"But what we describe in this article is how the context of the coronavirus crisis actually provides a unique opportunity for mutually reinforcing forward-thinking solutions to improve sustainability and wellbeing as countries recover."

 

[Dan Warnick + 6,100]

7 minutes ago, Tom Nolan said:

Klaus Schwab, The World Economic Forum, Bill Gates and the Devos crowd have been hitting the following quoted line in order to bring about a Technocratic World Order.

"But what we describe in this article is how the context of the coronavirus crisis actually provides a unique opportunity for mutually reinforcing forward-thinking solutions to improve sustainability and wellbeing as countries recover."

 

Klaus is an old Nazi at heart and want's a pure human race, while believing in astrology and a second life.  Bill, well I believe Bill actually has the best intentions in his thought processes.  His problem is he is only borderline human and emotions are not a useful trait in his mind.  Both of them like it when Melinda straps it on.  

[ceo_energemsier + 1,818]

The consumers are the poor folks and the middle class, they will all suffer greatly, while the elites and politicians and so called leaders, fly around in private jets, sail on mega yachts, live in mega mansions and Gov funded Presidential/Monarchy Palaces and have round the clock protection of everything.  Its a power grab, its a money grab, its let us control your lives.

[Tom Nolan + 2,443]

3 hours ago, ceo_energemsier said:

The consumers are the poor folks and the middle class, they will all suffer greatly, while the elites and politicians and so called leaders, fly around in private jets, sail on mega yachts, live in mega mansions and Gov funded Presidential/Monarchy Palaces and have round the clock protection of everything.  Its a power grab, its a money grab, its let us control your lives.

Bill Gates plays a major role on this climate change scenario.   He says Climate Change is a bigger threat than Covid. He influences the Davos crowd and definitely the World Economic Forum  The World Economic Forum is supported in a very large part by Bill Gates.  GAVI is completely a Bill Gates rendition.  Bill Gates has huge sums of money "donated" to every major media outlet including "fact checkers", along with most all the university research systems. (I once showed the links which detailed amounts with sourced references.)

Bill Gates wants you to eat synthetic meat.

(20 seconds - QUEUED VIDEO)

 

In April, Trump wisely halted U.S. contributions to the W.H.O.

The World Economic Forum raised a stink.   https://www.weforum.org/agenda/2020/04/who-funds-world-health-organization-un-coronavirus-pandemic-covid-trump/

GAVI is a Bill Gates offshoot...

 

Bill Gates is evil.   Folks should watch or read the transcript of this Bill Gates series...

https://www.corbettreport.com/gates/

[RichieRich216 + 454]

Carbon Pricing is just another vehicle created by Globalist and the Biggest Funds to screw over the millions of average Americans just as they did with MBS’s and Credit Default Swaps! They will under retarded Biden dump it on the American Citizens! The U.S. is currently at 98% debt to GDP, China i

[RichieRich216 + 454]

China is at 320+% to GDP, If Trump was re-elected China would fallen of a financial cliff, now with China’s bought and paid for Biden they will screw the world over! Just on general principle that the released a BIO WEAPON on th

[RichieRich216 + 454]

World we should level China!

[Tom Nolan + 2,443]

The same globalists who promote Climate Change are promoting vaccines which will forever alter the function of human cells. 

There is a reason behind that motive of vaccines, and it is not to "save humanity".

 

TRANSCRIPT AND MP3: http://www.corbettreport.com/bigoil

Edited November 24, 2020 by Tom Nolan

[RichieRich216 + 454]

Another reason to list them as a terrorist state and wipe them off the face of the earth! The mentally handicapped Joe the clown with kiss their asses like Obama did on world wide apologies tour! China would be under the control of Japan if we didn’t save thee asses in WW2!

[Michael Sanches + 187]

Carbon pricing is no different than the selling of Indulgences by the Catholic Church.

"I want to screw my mistress 3 times this week."
"That will cost you 6 pieces of gold."

"I want to fly my jet to wherever."
"That will be 6 pieces of gold."

In all cases they will do what they want. In all cases people will pay for something they think is wrong and can buy a clean conscience with a useless gesture.

Who really believes Tesla would quit making cars if they couldn't sell carbon offsets? Is there anyone really that stupid. Therefore, every carbon offset Tesla sells helps the environment exactly 0%, but the extra pollution of the buyer still occurs.

Only fools and idiots believe that carbon pricing and carbon offsets reduce pollution at all.

[ronwagn + 6,290]

On 11/23/2020 at 5:54 PM, RichieRich216 said:

World we should level China!

Economically destroy the CCP. 

[ronwagn + 6,290]

On 11/23/2020 at 7:34 PM, Tom Nolan said:

The same globalists who promote Climate Change are promoting vaccines which will forever alter the function of human cells. 

There is a reason behind that motive of vaccines, and it is not to "save humanity".

 

TRANSCRIPT AND MP3: http://www.corbettreport.com/bigoil

I am all for vaccines that are well tested but love the articles from the Corbett report. Thanks

[Dan Warnick + 6,100]

2 hours ago, ronwagn said:

I am all for vaccines that are well tested but love the articles from the Corbett report. Thanks

(Sarcasm alert)  Well @Ron Wagner, if we had full socialism under the leadership of the cabal of the Global Reset, we could have full scale human testing in numbers that could achieve test results at a level that could ensure the safety of the vaccines.  But, er, under the Global Reset, they want population reduction, so why bother?  Aha......Hmm...Never mind.

[Old-Ruffneck + 1,235]

42 minutes ago, Dan Warnick said:

(Sarcasm alert)  Well @Ron Wagner, if we had full socialism under the leadership of the cabal of the Global Reset, we could have full scale human testing in numbers that could achieve test results at a level that could ensure the safety of the vaccines.  But, er, under the Global Reset, they want population reduction, so why bother?  Aha......Hmm...Never mind.

That's why big Pharma is re-testing as millions of vials are being flown globally!!! Too late for some.....I am not getting no injections until they can prove with 100% certainty it won't alter the cells in body forever.

[Boat + 1,323]

The extra plane, three vacation homes, etc. Tax the heck out of them boys and spread it amongst the people who make their toys. 
like $20,000 for a plane ticket. Use that FaceTime rich boy. Think outside the box to collect money to cut emissions.

Population = Demand. Incentivize not having kids let alone give more than 2 kids a tax break. We need less consumers. We need less consumption. How about 5 billion people instead of 10.

Taxing carbon is barbaric. Those 5 billion left need a tv and sports to survive. They will also need the latest tech to run those robots doing all the work.

Edited December 1, 2020 by Boat

[Eyes Wide Open + 3,554]

Consumers paying for Carbon Tax i think not, the advantages of having a Supreme Court free of liberal chains is coming to the forefront..This green new deal will be dead on arrival...world wide dead.

https://slate.com/news-and-politics/2020/12/supreme-court-gundy-doctrine-administrative-state.html

[Boat + 1,323]

On 12/1/2020 at 5:25 PM, Eyes Wide Open said:

Consumers paying for Carbon Tax i think not, the advantages of having a Supreme Court free of liberal chains is coming to the forefront..This green new deal will be dead on arrival...world wide dead.

https://slate.com/news-and-politics/2020/12/supreme-court-gundy-doctrine-administrative-state.html

You follow slate and I will follow Elon Musk and let’s see tech vrs conspiracy.

Thump your bible and rage from the pulpit why we need loyalty. I will watch the developing world of battery tech. 

[Dan Warnick + 6,100]

42 minutes ago, Boat said:

You follow slate and I will follow Elon Musk and let’s see tech vrs conspiracy.

Thump your bible and rage from the pulpit why we need loyalty. I will watch the developing world of battery tech. 

When you put it that way, it's kinda hard to argue against where you put your bets.  Agreed.

[Boat + 1,323]

Dan, saw Elon in an interview. He wanted to hire 25 new engineers for the Germany plant. After a couple of cars are in production he wants those engineers to build their own car for Europe. Saying new innovation will come from new people instead of copying already successful projects in other factory’s. 
You just don’t hear that from big companies. Putting the idea of innovation ahead of top down management. An insight into his success. The speed of implementation of innovation in his variety of companies is mind boggling. He has a role but he is best at letting his people rock and roll. 
He wants his Chinese engineers to build their own car for China. I would assume that is business as usual and his leadership style. 

Edited December 3, 2020 by Boat

[Dan Warnick + 6,100]

33 minutes ago, Boat said:

Dan, saw Elon in an interview. He wanted to hire 25 new engineers for the Germany plant. After a couple of cars are in production he wants those engineers to build their own car for Europe. Saying new innovation will come from new people instead of copying already successful projects in other factory’s. 
You just don’t hear that from big companies. Putting the idea of innovation ahead of top down management. An insight into his success. The speed of implementation of innovation in his variety of companies is mind boggling. He has a role but he is best at letting his people rock and roll. 
He wants his Chinese engineers to build their own car for China. I would assume that is business as usual and his leadership style. 

I agree, the man is one in a million.  It would most likely be a pleasure to work for him, except maybe for the long hours.  Even that depends on how well he takes care of the workers/engineers/managers/etc., because if he's paying them a premium and follows through with time off after the big deadlines are met, then I would still like to work for him.  The feeling of personal achievement would be exciting, no doubt.

It might be time to start an Elon thread.  You know, keep up on his innovations, achievements, victories and, yes, even his setbacks.