#Carbon Pricing
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If tax cuts give you $100 back in your wallet yet it gives the rich, $10,000 back in theirs, you are not $100 richer. Money is relative to wealth. When we give handouts or tax breaks and most of it goes to the rich YOU. GET. POORER. Tax the rich, don't just cut carbon taxes.
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Canada's national carbon price saw its largest hike yet on Saturday when it jumped from $50 per tonne of emissions to $65. But the rebates millions of households receive to compensate them for the surcharge are also set to rise.
Usually, the national price increases annually by $10. This year, under the federal government's strengthened climate plan, it's rising by $15.
Because carbon pricing differs from province to province and territory to territory, not everyone will feel the impact of this increase the same way.
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Tagging: @politicsofcanada
#cdnpoli#canadian politics#canadian news#canada#canadian#carbon pricing#carbon tax#environment#climate#climate crisis#climate change
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Carbon pricing
Il finanziamento per la lotta al cambiamento climatico lo stiamo sostenendo a suon di incentivi e sussidi ma ciò rischia di mettere in crisi i bilanci degli Stati, soprattutto quelli che già hanno un debito alto. Per un Paese mediamente rappresentativo e con alte emissioni, affidarsi in modo preponderante a investimenti pubblici diventerà sempre più costoso con la conseguenza di aumentare il debito. Un percorso non sostenibile considerando anche gli alti tassi di interesse e le prospettive di crescita molto deboli. C’è chi dice (Fmi) che affiancare ai sussidi una “tassa sull’inquinamento” allevierebbe il peso dei conti pubblici. Ma chi la pagherebbe questa tassa? Beh, chi inquina paga, come ad esempio le imprese che emettono CO2. La chiamano carbon pricing e alcuni Paesi l’hanno già adottata e il prezzo medio è di 20 dollari a tonnellata di CO2, molto al disotto dei livelli necessari. Con i soldi ricavati dal carbon pricing si potrebbero finanziare sostegni per le famiglie, lavoratori e le comunità più colpite, in nome di una transizione equa.
#sostenibilità#climate change#cambiamenti climatici#ambiente#co2#crisi climatica#carbon pricing#sussidi#pil#fmi
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A Conservative-Created Approach to Fighting Pollution Using the Market is Being Rejected by Them. Why?
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Prime Minister Brian Mulroney: Canada's Greenest Environmental Prime Minister
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#acid rain#Acid Rain Accord#biodiversity#Canada#CARBON EMISSIONS#carbon pricing#carbon tax#Clean Air Act#Clean Energy#climate change#conservation#Environmental Activism#environmental advocacy#environmental agreements#environmental bills#environmental conservation#environmental diplomacy#environmental impact#environmental initiatives#environmental issues#environmental law#environmental leadership#Environmental Legacy#environmental legislation#Environmental Policies#environmental policy#Environmental Protection#environmental record#environmental regulation#environmental regulations
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Carbon Credits vs Carbon Debits: What are the key differences
Confused by carbon credits and debits? This blog unravels the difference, explores their roles in climate action, and paves the way for informed choices towards a sustainable future.
#carbon credits#carbon debits#carbon offsets#emissions reduction#sustainability#environmental markets#carbon pricing#corporate responsibility#emissions trading#carbon neutrality
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Amy Harder, the founding Executive Editor of the climate policy publication Cipher News, expressed her pleasant surprise with several outcomes from the recent 28th Conference of the Parties of the United Nations Framework Convention on Climate Change (COP 28) in Dubai during a special episode of “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program.” The podcast is produced by the Harvard Environmental Economics Program and is hosted by HPCA Director Professor Robert N. Stavins.
#cop28#unfccc#conferenceoftheparties#climatepolicy#hpcaatcop28#climatesummit#cop28summit#unconferenceoftheparties#carbon pricing#SoundCloud
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Making Sense of Terms Around the Climate Change Debate
Climate change is one of the most significant contemporary issues for human societies. Barely any issues are as significant as climate change in today’s world. Sure, there has been a COVID pandemic, there is also war in Ukraine, and then there is a global economic recession, along with all the communal upheaval across the globe, mediated by inequalities and poor living conditions. Some (like Adam…
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#beneficiary pays principle#carbon footprint#carbon neutrality#carbon pricing#climate change#climate justice#common but differentiated responsibilities#concepts of climate change debates#debates on climate change#historical responsibilities#net-zero emissions#polluter pays principle#risk society and climate change#what are historical responsibilities in climate change debates?#what are the key terms around climate change#what is adaptation of climate change#what is climate change#what is difference between global north and global south#what is mitigation of climate change
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Carbon Capture and Sequestration (CCS) Market Insights Includes Dynamics Key Players, Demand, Products, and Application 2017 – 2032
Overview of the Carbon Capture and Sequestration (CCS) Market:
The carbon capture and sequestration (CCS) market involves technologies and processes aimed at capturing carbon dioxide (CO2) emissions from industrial and energy-related sources, transporting it, and securely storing it underground or utilizing it in other applications. CCS is a key strategy in mitigating greenhouse gas emissions and addressing climate change by reducing CO2 emissions from fossil fuel-based power plants, industrial facilities, and other high-emitting sources.
Global Carbon Capture and Sequestration Market is valued at USD 2.1 Billion in 2022 and is projected to reach a value of USD 7.49 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 19.9% over the forecast period 2023-2030.
Key Factors Driving the Carbon Capture and Sequestration (CCS) Market:
Climate Change Mitigation: CCS plays a crucial role in mitigating climate change by capturing and storing CO2 emissions from major industrial and energy-related sources. As governments, organizations, and industries commit to reducing greenhouse gas emissions, CCS offers a viable solution for decarbonizing high-emitting sectors.
Policy and Regulatory Support: Government policies and regulations that incentivize or mandate the reduction of CO2 emissions provide a significant driver for the CCS market. Financial support, tax incentives, carbon pricing mechanisms, and emissions reduction targets create a favorable environment for CCS deployment and investment.
Energy Transition and Fossil Fuel Use: CCS technology enables the continued use of fossil fuels while reducing their carbon footprint. As the world transitions to cleaner energy sources, CCS can play a vital role in mitigating emissions from fossil fuel power plants and industrial processes during the transition period.
Industrial Emissions Reduction: Industries such as cement production, steel manufacturing, and chemical processing contribute to a significant share of global CO2 emissions. CCS can help these industries reduce their emissions by capturing and storing CO2 generated during their production processes.
Enhanced Oil Recovery (EOR): CCS can be coupled with enhanced oil recovery techniques, where the captured CO2 is injected into oil reservoirs to extract additional oil. The revenue generated from EOR can provide economic incentives for implementing CCS projects.
Here's an overview of the demand and scope of the CCS market:
Demand:
Climate Change Mitigation: The primary driver of CCS demand is the urgent need to reduce carbon dioxide (CO2) emissions and limit global warming. CCS offers a way to capture CO2 emissions from industrial processes and power plants before they are released into the atmosphere.
Regulatory Pressures: Governments and international organizations are implementing stricter emissions reduction targets. CCS can help industries comply with these regulations and avoid penalties.
Emission-Intensive Sectors: Industries such as power generation, cement production, steel manufacturing, and oil and gas extraction are major sources of CO2 emissions. These sectors have a high demand for CCS technologies to lower their carbon footprint.
Transition to Clean Energy: As renewable energy sources like wind and solar power grow, CCS can complement these efforts by capturing emissions from intermittent renewable sources and providing a stable source of low-carbon energy.
Scope:
Carbon Capture Technologies: CCS involves capturing CO2 emissions from various sources such as power plants, industrial facilities, and even directly from the air. Different capture technologies, such as post-combustion capture, pre-combustion capture, and oxyfuel combustion, offer diverse solutions for different industries.
Transport and Storage: Once captured, the CO2 needs to be transported and stored safely. This involves building pipelines to transport CO2 to storage sites, often deep underground in geological formations like depleted oil and gas reservoirs or saline aquifers.
Enhanced Oil Recovery (EOR): Some CCS projects leverage the CO2 for enhanced oil recovery, a process where injected CO2 helps extract more oil from depleted wells while simultaneously storing the CO2 underground.
Policy and Incentives: Governments and organizations are providing financial incentives, subsidies, and grants to support CCS projects as part of their climate change mitigation strategies. The scope includes policy frameworks and regulatory mechanisms to encourage CCS adoption.
Research and Innovation: Ongoing research aims to improve the efficiency and affordability of CCS technologies. Innovations in materials, capture processes, and storage techniques expand the scope of CCS applications.
Global Cooperation: CCS requires international cooperation due to its potential for cross-border carbon transport and storage. Collaborative efforts between countries can enhance the effectiveness of CCS projects.
Public Perception and Education: Part of the scope involves raising awareness about CCS, addressing public concerns, and building public support for these technologies as a crucial tool in the fight against climate change.
We recommend referring our Stringent datalytics firm, industry publications, and websites that specialize in providing market reports. These sources often offer comprehensive analysis, market trends, growth forecasts, competitive landscape, and other valuable insights into this market.
By visiting our website or contacting us directly, you can explore the availability of specific reports related to this market. These reports often require a purchase or subscription, but we provide comprehensive and in-depth information that can be valuable for businesses, investors, and individuals interested in this market.
“Remember to look for recent reports to ensure you have the most current and relevant information.”
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Market Segmentations:
Global Carbon Capture and Sequestration (CCS) Market: By Company
• Siemens
• Aker Solutions
• Fluor
• Mitsubishi Heavy Industries
• Halliburton
• Honeywell International
• Shell Global
• Maersk Oil
Global Carbon Capture and Sequestration (CCS) Market: By Type
• Carbon Capture
• Carbon Sequestration
Global Carbon Capture and Sequestration (CCS) Market: By Application
• Energy
• Industrial
• Agricultural
• Others
Global Carbon Capture and Sequestration (CCS) Market: Regional Analysis
The regional analysis of the global Carbon Capture and Sequestration (CCS) market provides insights into the market's performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the Carbon Capture and Sequestration (CCS) market report are as follows:
North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for Carbon Capture and Sequestration (CCS) in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product.
Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for Carbon Capture and Sequestration (CCS) in this region, followed by the U.K. and France. The market growth in this region is driven by the increasing demand for the product in the automotive and aerospace sectors.
Asia-Pacific: The Asia-Pacific region includes Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, and Rest of Asia-Pacific. China is the largest market for Carbon Capture and Sequestration (CCS) in this region, followed by Japan and India. The market growth in this region is driven by the increasing adoption of the product in various end-use industries, such as automotive, aerospace, and construction.
Middle East and Africa: The Middle East and Africa region includes Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa. The market growth in this region is driven by the increasing demand for the product in the aerospace and defense sectors.
South America: The South America region includes Argentina, Brazil, and Rest of South America. Brazil is the largest market for Carbon Capture and Sequestration (CCS) in this region, followed by Argentina. The market growth in this region is primarily driven by the increasing demand for the product in the automotive sector.
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Reasons to Purchase Carbon Capture and Sequestration (CCS) Market Report:
• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.
• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.
• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.
• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.
• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.
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#Carbon Capture#Carbon Sequestration#CCS Technologies#Climate Change Mitigation#Greenhouse Gas Emissions#Carbon Dioxide Reduction#Industrial Emissions#Carbon Capture Infrastructure#CO2 Storage#Emission-Intensive Industries#Clean Energy Transition#Regulatory Compliance#Policy Frameworks#Carbon Pricing#CCS Projects#Carbon Storage Sites#Enhanced Oil Recovery#Geologic Sequestration#Carbon Transport#CCS Funding#Carbon Offset#CCS Incentives#CCS Innovation#Research and Development#Carbon Capture Efficiency#Public Perception#Global Collaboration#Carbon Market#CCS Policy#Carbon Neutrality
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Evaluating the Economic Impact of Carbon Pricing: Price Tag on Pollution
by International Carbon Markets Institute
Carbon pricing has ascended to a prominent role in the policy toolkit for addressing the prodigious challenge of climate change. By assigning a monetary cost to the emission of carbon dioxide and other greenhouse gases, it aims to incentivize reductions in these emissions.
Central to the concept of carbon pricing is the principle of internalizing environmental externalities. The economic theory posits that markets, left to their own devices, fail to account for the environmental damage inflicted by greenhouse gas emissions — an externality. By imposing a price on carbon, these environmental costs are internalized, creating incentives for businesses and individuals to reduce their carbon footprint.
Two primary mechanisms are employed to price carbon: carbon taxes and emissions trading systems. The former entails a direct levy on carbon emissions, while the latter limits total emissions and allows for trading of emission allowances within the limit.
The economic impacts of carbon pricing are manifold and extend beyond the environmental sphere. One of the most immediate impacts is on the cost structure of businesses. As carbon-intensive activities become more expensive, firms have a financial incentive to invest in cleaner processes and technologies. This dynamic can drive innovation and foster the development of low-carbon industries, leading to potential long-term benefits for economic productivity.
Moreover, the revenues generated by carbon pricing can be substantial. These funds can be used to reduce other taxes, invest in renewable energy and climate resilience, or returned to citizens in the form of dividends. The optimal use of carbon revenues is a topic of ongoing policy debate, with potential implications for economic efficiency, income distribution, and political acceptability.
Yet, carbon pricing is not without potential downsides. If not carefully designed and implemented, it can have regressive impacts, disproportionately burdening low-income households. This concern arises because energy costs represent a larger share of the budget for low-income households, and these costs could increase under carbon pricing.
Another key concern pertains to the potential impact on competitiveness. Industries exposed to international competition could be at a disadvantage if their competitors in countries without carbon pricing do not face the same costs. Several policy measures, such as border carbon adjustments and free allocation of emission allowances, have been proposed to address this issue.
Empirical evidence on the economic impacts of carbon pricing is growing. Case studies from regions that have implemented carbon pricing, such as the European Union, British Columbia in Canada, and California in the United States, provide valuable insights. These experiences indicate that it is possible to reduce emissions while maintaining economic growth, but the specifics can vary widely depending on local circumstances and policy design.
In conclusion, carbon pricing can play a pivotal role in the global response to climate change. Its economic impacts are substantial and multifaceted, influencing not just emissions but also economic productivity, public revenues, income distribution, and competitiveness. By understanding these impacts, policymakers can design more effective and equitable carbon pricing policies, and businesses can better anticipate and respond to the new economic landscape under carbon pricing.
Read more at International Carbon Markets Institute.
#ICMI#International Carbon Markets Institute#James Scott#James Scott ICMI#Carbon Pricing#Price Tag#Pollution
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How to Track Your Company's Carbon Reduction Progress
To carbon reduce emissions, you first need to know how to track your company’s output. This can be complicated depending on your industry, and currently, there is no standardization regarding emissions tracking in the United States. This lack of standardization can be a challenge for companies that may be seeking to future-proof their emission reduction strategy, and it can also be a concern for companies operating within states that have vague emissions standards and regulations.
Thankfully, there are some steps you can take to track and reduce emissions using technology. Below are some considerations:
Establish a Baseline
Before you can begin to track and manage your reduction efforts, you first need to establish a baseline of your carbon output. This can be done in different ways, but most include the use of technology that can accurately represent both direct and indirect carbon emissions. You may also factor in secondary indirect emission points in your data research, as these are points that reflect far-reaching areas where emissions may harm the climate.
Set Clear Goals
After you’ve established a tracking system, you need to set clear goals. These goals may be to reduce carbon emissions to a certain level by a specific date, or they may include reducing emissions by a certain percentage over time. However, you choose to set your goals, just make sure they are clear and attainable. If you create goals that have no clear point of resolution, it’s going to be difficult to track your progress and ultimate success.
Use Management Software
Carbon management software can also be very useful in tracking emissions. The data gathered from carbon management software can then be used to design a reduction strategy, as well as create reports for state agencies and the Environmental Protection Agency (EPA) if needed.
Most carbon management solutions will allow companies to customize their settings to account for not only raw output but also processed output. This can be very beneficial since not all carbon emissions are treated equally when it comes to carbon’s effect on climate.
Read a similar article about carbon reporting software here at this page.
#carbon pricing#carbon management software#measurement uncertainty in carbon management#oil and gas analytics platform
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#COP27#UNFCCC#Climate Summit#Climate Action#Carbon Pricing#Climate Policy#International Climate Conference#Environmental Economics
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The Pit and the Pendulum (1961)
promo art by Jack Manning
#jack manning#the pit and the pendulum#vincent price#barbara steele#john kerr#luana anders#antony carbone#1960s horror#1960s movies#1961#roger corman#aip#classic horror#gothic horror#edgar allan poe#caricatures#promo art
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I will not shut up about Ukraine until it is free of Russian tyranny. BTW.
#Where I live is so comforting#the world might forget. But in this community? We haven't and we won't. Not since 2014. Not since BEFORE 2014#Ukraine WILL win. Ukraine WILL be free. We know it in our hearts#and I genuinely believe the Canadian Conservatives backtracked on their voting against a trade deal with Ukraine#(their whole 'carbon pricing is eeeeevil' schtick) partially because they realized how much of the diaspora is in their base#Especially on the prairies. I know *I* sent my MP an angry letter about it. And I know I'm not the only one.#(I'm also not part of their base but that's not important)#*Obligatory there are other things going on to care about too#having a day#kat gets personal#me#current events
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The lengths Swifties will go to to defend Taylor Swift is just astounding. They are on par with Elon Musk simps at this point
#anti taylor swift#you do realize she has the ability to set max prices on ticketmaster#not to mention ticket master is literally offering additional merch when you buy tickets#like that all Swift#not to mention ive heard some shit about the merch she sales specifically CDs not having all the songs etc#yall also forgot she has the largest carbon footprint of any celebrity in terms of private jet flights#she has been re-releasing old albums and charging out the ass for them#its literally not taylors version od anything exceot capitalism
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#i have to keep moving between the studio and the bedroom so they can air out but now i have to go to sleep#this is unprecedented#my bedroom window does not open#im going to gas myself into seeing the hat man#likw with carbon monoxide#at least i figured out what it was#an artificial sweetener I'm sensitive to#normally not a problem but i had too much last night apparently and now im paying the price#i have exiled my boyfriend#dried pickle man has forsaken me#im alone and gaseous stewing in my own fetid emanations#this had better clear up before d&d tomorrow or it'll be a tpk
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