Lately we’ve seen the president of the World Bank and ‘business leaders from the very carbon-intensive industries’ pushing for carbon pricing (taxes or ‘carbon trading’ schemes). This is intended to demonstrate their deep change of heart and determination to start seriously addressing climate change, but to my eyes it is a deeply cynical, pernicious attempt to channel the passion of those deeply-committed to action on climate change into mechanisms that will only maintain the suicidal status quo.
Which is why I poured all my experience of ten years’ work on the topic into this peer-reviewed academic paper, which I believe demolishes the case for carbon taxes or carbon trading schemes as the way forward, and shows a clear, well-researched alternative (though it took almost as much effort as writing my book!). Read more »
What a week – Tuesday’s launch of the All Party Parliamentary Group on Peak Oil’s report into TEQs was a tremendous success, with excellent media coverage, including Time magazine, The Sunday Times, Bloomberg News, the BBC, the Financial Times and many others (linked article list). The only problem has been that the degree of interest has been such that I haven’t found a moment to write anything here – although I have been Tweeting, I feel as though I’m the last to cover it!
John Hemming MP, Chairman of the All Party group, stated that the UK government remains unprepared for peak oil: “The evidence is now strong that peak oil is either upon us or just over the horizon. Even the International Energy Agency accepts that an oil supply crunch seems to be on its way. The UK government should urgently consider the TEQs system, as I believe it’s the only comprehensive and fair way to tackle climate change and the coming oil crisis.”Read more »
The IPPR have now joined our challenge to DEFRA’s decision to delay a full feasibility study into TEQs, announcing that their research found that the public are far better disposed towards personal carbon allowances than DEFRA claim, and much prefer the idea to carbon taxation or upstream carbon trading (IPPR’s research took the time to explain the three schemes rather more thoroughly than DEFRA had, which certainly helped on this score).