Energy Transition Monthly: Smart money asks for carbon to be taxed now
Infrastructure Investor
Market leading insights and intelligence service covering the global infrastructure industry
Research suggests that managers are much better off with a timely and orderly introduction of carbon taxes rather than waiting for panicked measures. Read all about it in this month's Energy Transition newsletter.
Tips & feedback to Anne-Louise Stranne Petersen or email [email protected]
CO2 emissions, and other greenhouse gas emissions, are costing the world. But so far, only 23 percent of the world’s greenhouse gas emissions are taxed in some way, according to the World Bank. And every infrastructure investor must ponder the question of whether or not to price in a future cost of carbon.
Given that a business plan without provisions for the cost of emissions makes for a more promising read than one that does, arguing for a carbon tax may at first glance seem not unlike a turkey voting for Christmas.
Assuming that the only way forward includes measures to keep the rise in global temperature below 2C above pre-industrial levels, as per the Paris Agreement, and knowing that nothing works like a financial incentive, emissions will eventually be priced much more than they are today. The question is when and how. This matters...read it in full.
How renewables are taking centre stage
Higher energy prices, technological developments, policy support and – in the case of solar – lower equipment costs are driving record renewable energy capacity installations, says LGIM’s Marija Simpraga. Read more...
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