A British tax on carbon dioxide (CO2) emissions from power stations and factories would begin on Nov. 4 if the country leaves the European Union without a deal on Oct. 31, the UK government said. The tax, set at 16 pounds a tonne for 2019, would replace levies under the European Emissions Trading System (ETS), which Britain would automatically leave under a no-deal scenario. Britain is the second-largest emitter of greenhouse gases in Europe and its utilities and industry are among the largest buyers of permits in Europe’s ETS, which charges power plants and factories for every tonne of carbon dioxide (CO2) they emit.
Reuters 12th July 2019 read more »
John McDonnell will today call for a major overhaul of key international institutions to ensure they are fit for purpose in an age of escalating climate impacts and faltering global development. In a speech at the opening plenary of Labour’s inaugural International Social Forum, the shadow chancellor will call for fundamental changes in the way bodies such as the IMF, the WTO, and the World Bank are run in order to prioritise climate action and give developing economies a greater say in decision-making.
Business Green 13th July 2019 read more »
Experts at Shell’s Powering Progress Together Summit last week repeatedly stressed that what might seem like a convincing, logical argument for consumers to make changes – such as the promise of financial savings – are not always enough to convince people to act. Too often when businesses and governments design schemes focused on behaviour change, they fail to think through how decision-making works in the real world. That requires taking note of ingrained habits, ‘hassle’ factors, and contextual circumstances. It also means considering what people actually care about and respond to when designing marketing materials, not what economists assume they should care about. “We need to gear policy more towards human ways of decision-making behaviour rather than the hypothetical actor,” argued Toby Parks, head of energy and sustainability at the Behavioural Insights Team.
Business Green 12th July 2019 read more »