Actor Leonardo DiCaprio meets with scientists, activists and world leaders to discuss the dangers of climate change and possible solutions. In the extract below, Gregory Mankiw, a Harvard Professor and economic adviser to several US presidents, argues that putting a price on carbon is the only way for governments to transition toward clean energy. Without a financial incentive to shift away from fossil fuels, it is unlikely that the world […]
A report published in mid July [1] warned France away from replicating the UK’s Carbon Price Floor. The Carbon Price Floor in the UK stands at about €25 per tonne and applies to all electricity generation. The authors of the report – Pascal Canfin (now director of WWF France), Alain Grandjean (former leader of the national debate on the energy transition), and Gérard Mestrallet (former CEO of energy company Engie) […]
Green Budget Europe Director James Nix writes in today’s Financial Times: On June 1, six of Europe’s largest oil and gas companies (BG, BP, Eni, Shell, Statoil and Total) wrote to the UN calling for carbon taxation. This is a welcome development, signifying that many major fossil fuel companies now acknowledge the damage their products do to the world’s climate and, by extension, its inhabitants, present and future. Many commentators […]