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chapter 24
Global Carbon Pricing
We have everything we need to get started, save perhaps political will, but political will is a renewable resource.
—Al Gore, Nobel lecture, 2007
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Importance: China has said they will make a binding commitment. Committing to a global carbon pricing gets around their objections to a binding cap.
• All countries much commit to the same global carbon price P.
• Each country must collect revenue R = E x P, where E = there emissions.
• Revenue can be collected with a tax, an untax or cap and trade.
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http://stoft.com/p/91.html | 03/11/10 10:28 GMT
Modified: Mon, 05 Jan 2009 05:39:05 GMT
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Amazon
China and India have nixed caps. Without these caps, Kyoto fails. What can be done?
Carbonomics explains "wrecking" the economy, "peak oil," caps, carbon taxes, and Kyoto.
About Carbonomics.
Get discount.
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