European Tribune - Comments - The Great Climate Giveaway

The Great Climate Giveaway | 26 comments (26 topical, 0 editorial, 0 hidden)

Re: The Great Climate Giveaway (none / 1)

Why not set a 1% per year reduction target? 20% by 2020 or 50% by 2050 are just catchphrases.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Wed Feb 4th, 2009 at 09:40:38 AM EST
[ Parent ]

Re: The Great Climate Giveaway (none / 0)

You'd want an average of 1% reduction over a multi-year timeframe, due to fluctuations (say, cold winters). I don't know if these targets are just catchprhases, they have been turned into laws, in the EU at least, and Kyoto also worked with these targets.

by nanne (zwaerdenmaecker@gmail.com) on Thu Feb 5th, 2009 at 07:35:37 AM EST
[ Parent ]

Re: The Great Climate Giveaway (none / 0)

They're just catchphrases in that they don't preclude doing essentially nothing for years and then rushing at the end.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Thu Feb 5th, 2009 at 06:05:58 PM EST
[ Parent ]

Re: The Great Climate Giveaway (none / 0)

That's not how it works in emissions trading, though. The national allocation plans will need to be set in advance and will have a yearly decline in the cap. With regard to other targets, fair enough. Depends upon Commission oversight, and so on. My main issue is that it does not allow us to play into new developments.

It may be that we have a set of technological and macroeconomic conditions that naturally lead to a much greater reduction, and the bottom will fall out of the ETS market, again. Then the ETS will just have been a very expensive kind of insurance policy.

by nanne (zwaerdenmaecker@gmail.com) on Fri Feb 6th, 2009 at 04:48:50 AM EST
[ Parent ]

The Great Climate Giveaway | 26 comments (26 topical, 0 editorial, 0 hidden)

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