This link has been bookmarked by 1 people . It was first bookmarked on 16 Mar 2007, by Anders Tunold Kråkenes.
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16 Mar 07
Anders Tunold KråkenesGovernments can try to reduce emissions in three ways: subsidise alternatives, impose standards on products and processes and price the greenhouse gases that cause the damage. The first is almost always a bad idea; the second should generally be avoided;
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those targets are not grandiose political gestures but pragmatic attempts to address a practical problem
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the scheme runs out with the Kyoto protocol, in 2012
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governments handed out too many allowances, emissions have not fallen and the price of allowances has dropped from €34 ($42) per tonne of CO2 at its peak a year ago to around €1.20 now
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Neither subsidies nor standards should be needed if greenhouse gases are priced to reflect the damage they do. The EU's emissions-trading scheme (ETS), which caps the amount of greenhouse gases that factories may emit and gives them tradable allowances, is designed to do that.
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government should not pick winners
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Governments can try to reduce emissions in three ways: subsidise alternatives, impose standards on products and processes and price the greenhouse gases that cause the damage. The first is almost always a bad idea; the second should generally be avoided; the third is the way to go.
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