A way to change #ClimateFinance?
#EmissionPricing with #CBAM.
Products from countries with no/lower pricing are adjusted by the importer. If this is done by a developed country importing from a developing country, part of the funds a used as climate finance.
#mechanism #now
About the #G7, and how the fossil and climate finance debates are connected:
Developed countries have failed to meet the goal of delivering $100bn/yr in #climatefinance for developing countries between 2020-25.
Funding reached ~$80bn in 2019, of which ~$66bn was public. 1/4
One more reason why ALL #GHG emissions need a price!
#gas #methane #ClimateCrisis #emissionpricing #climateincentive
Great to see @IPCC_CH refer specifically to #emissionpricing in #ar6 - as well as to the importance of disbursing revenue to citizens to assure for a #justtransition.
#thankyou & #kudos to #CCL @dana1981
citizensclimatelobby.org/blo…
Sure they will! Let's do our utmost to feedback our way to 1.5C, and no more.
Policy: Emission Pricing
Approach: Math right on #climate, price all, disburse all income to households in equal amounts
Opinion: 60% net benefit
#now
nature.com/articles/d41586-0…
Good to see #emissionpricing and border adjustments discussed in mainstream publications such as @Forbes. Of course we need to get the math right on #climate. Obviously the @UNFCCC process is not providing 1.5C compatible results.
#Kudos @KayaAxelsson!
forbes.com/sites/davidrvette…
Very true. All emissions need a price. Conversion factors are key. With every additional GHG molecule entering the atmosphere, our CO2e budget shrinks and thus the time window for successful action closes. Short-term effects are key, also #tipppingpoints.
linkedin.com/posts/nickbegli…
And again!
"Existing estimates of optimal climate policy ignore the possibility that carbon tax revenues could be used in a progressive way; model results therefore typically imply that near-term climate action comes at some cost to the poor."
#climateincome #climateincentive
And another piece of evidence just out via @Nature.
Of course, dear scientists, it's 1.5C and not 2C we must meet. And communication-wise, 'climate income' (or 'climate incentive') is better than 'carbon tax and equal per capita dividend'.
nature.com/articles/s41558-0…
International Climate Incentive Alliance (ICIA) retweeted
Watch Al Gore's latest TED talk if you need further convincing #climateaction. Note what was possible as part of global #covid19response, and extrapolate. And if you doubt there is political will for all of this, mark the words of…lnkd.in/dWyArBgq lnkd.in/dbidTtdn
Yep. Keep it up @UniofOxford! #Kudos @MariaChiaraPao1 & @RickvdPloeg
You both may want to check us out - we're promoting this very emission pricing instrument.
Comment: Recycling via social security is ok. Best way: Direct cash payments, digitally. voxeu.org/article/recycling-…
Pls note @BloombergNEF, Lars Paulsson.
'Pricing' does not equal 'markets'. Plus, it's mainly a national, not a COP-thing. At COP, intern. linking is discussed. Key about pricing is simplicity & revenue use/pol. feasibility. Best instrument: #ClimateIncome bloomberg.com/news/articles/…
Don't like. Quite obviously done with a focus on the green & light blue areas. The emission reduction curve doesn't even get a mention. Its decline from 50 in 2010 to 20 by 2050 is insufficient to say the least.
Bottom line: Grey must be zero (or very close) by 2050. #RaceToZero
This is an important clarification. As is "carbon neutral" vs "net zero" vs "net negative". Great visual here from @southpoleglobal
ALT Climate neutral vs. net zero vs. net negative pathway
Emission pricing 2021 has 2 main objectives:
1. Set the right prices (internalising externalities, for everyone, science-based)
2. Finance a just transition (political feasibility, moral justice)
To achieve both, there's no better instrument than #ClimateIncome (fee/disbursement)
This is an interesting analysis of @AdairTurnerUK of @ProSyn. But please take note of how to best put a #priceonemissions - not with a #tax but with #climatincome.
prosyn.org/S6ydhse
Uff, @Forbes on pricing emissions, no easy read. 'background' section includes more questions than answer, and excludes lessons learnt on pricing instrument design. The voice against the tax (from @Heritage, Koch brothers) is, well, fossil.
#ClimateIncome
forbes.com/sites/taxnotes/20…
#ETS is too complex, too limited, and prone to implementation challenges.
Compare this to pricing emissions with #ClimateIncome.
#simple #fair #effective.
它永远不会太晚 (it's never too late...to improve your pricing strategy/instrument).
nature.com/articles/d41586-0…
Yes, good.
But please 'emission pricing'. All GHG need to get to zero. Let's be clear, on terminology and action.
#ClimateIncome
It’s been a good week for carbon pricing, by @MESandbu
"The closer you get to a single public carbon price across the economy the easier it will be to reduce emissions ...and to foster technological development"
ft.com/content/ec1f32da-0ae9… @financialtimes
International Climate Incentive Alliance (ICIA) retweeted
Yep. Unfortunately. Meaningful #climateaction started late and the decarbonisation pathway will thus be bumpy.
#climateincome @iciaorg lnkd.in/dWcmbjy
Factbox-Update @Reuters @RossKerber:
There are actually 3 main emission pricing approaches:
1. ETS, 2. Taxes, 3. CIS.
CIS stands for '#ClimateIncome System' (aka 'fee and dividend'). CIS is different from, and better than ETS and taxes ;-)
reuters.com/business/environ…
Yes to a #ClimateClub with a price floor and border adjustment.
Yes to #ClimateIncome.
reuters.com/business/environ…