While we wait to hear in October whether the EU will be extending emissions trading to international aviation it is worth reflecting that the cost of carbon pollution is very low. Not much of an incentive. On the carbon offsetting website Terrapass you can buy a metric tonne for $13.12 EU Allowances (EUAs are trading at around €5.5 as I write this For the background on the EU ETS As they argue “By putting a price on carbon and thereby giving a financial value to each tonne of emissions saved, the EU ETS has placed climate change on the agenda of company boards and their financial departments across Europe. A…
It is interesting how politicians demand much higher standards of proof when the facts are inconvenient; more than the criminal justice system standard of beyond reasonable doubt. For the facts on how spurious their case is see George Monbiot’s piece in today’s Guardian read more They are not very numerate either …..