Thursday, February 16, 2017

How the market is taking on climate change

How the market is taking on climate change

Joe Ware, CapX
   The leading lights in carbon policy are no longer left-wing environmentalists, but the Chinese Politburo and the hard-headed capitalists of Republican America. China is due to launch the world's largest emissions trading scheme, while leading US politicians are proposing a revenue-neutral carbon tax. As falling renewable prices make coal extraction unviable, it looks like the market is driving energy policy in a new direction.