Pricing based on carbon footprint - IdeaMill

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green fingers on April 27, 2020 at 11:57 pm
Idea: Pricing based on carbon footprint
Link: https://www.carbonbrief.org/qa-will-reform...

The European Union already uses a carbon pricing scheme to combat carbon emissions.

Q&A: Will the reformed EU Emissions Trading System raise carbon prices? - Carbon Brief
Link: https://www.carbonbrief.org/qa-w

In July 2003, at a series of meetings in Brussels and Strasbourg, EU lawmakers adopted an Emissions Trading System (EU ETS) to help combat climate change.
Jimbo on April 27, 2020 at 10:09 pm
Idea: Pricing based on carbon footprint
Link: https://www.ft.com/content/2d9490f2-1291-1...

CAP AND TRADE
A government sets a ceiling, or cap, on the total amount of carbon emissions it will allow in a certain time period. Companies who want to increase their emissions must buy permits from those companies who are polluting less.

CARBON TAX
A fee imposed by the government on each tonne of CO2 emitted by companies. Simpler to implement than a cap and trade system, but less popular with companies.

How to make a carbon pricing system work
Link: https://www.ft.com/content/2d949

Compensation for those who lose out and sanctions on non-compliance are needed