Carbon pricing

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Information about Carbon pricing
News & Politics

Published on March 7, 2014

Author: TeamPramkaew

Source: slideshare.net

CARBON TAX Swapnil | Gaurav | Team | Suhail

SNAPSHOT 1. Introduction 2. Impacts on environment 3. Impacts on economy 4. Impacts on business 5. Impacts on households 6. Conclusion

INTRODUCTION TO CARBON TAX

FACTORS OF PRODUCTION

WHAT IS LAND?

LET ME TELL YOU A STORY

I WAS LIVING HERE

LIFE WAS BAD :(

I USED MORE RESOURCES

LIFE GETS BETTER

NOW, I OVERUSED THE RESOURCES

I’M RICH AND GREEDY FOR MORE!!!

I WIN, EVERYBODY LOSES

“Each man is locked into a system that compels him to increase his herd without limit- IN A WORLD THAT IS LIMITED” - ~ Garret Hardin

HOW HOW CARBON EMISSION CLIMATE CHANGE IS DESTROYING THE EARTH

GLOBAL WARMING

WHAT THIS MEANS FOR HUMANS? CAUSING 200 BILLION IN DAMAGE – SAME AMOUNT AS 4 YEARS OF WAR

2 WAYS OF REDUCING EMISSION 1. Direct carbon taxing 2. Cap and trade with other companies

DIRECT TAX Carbon tax is based on economic principle of negative externality

CAP AND TRADE WITH OTHER COMPANIES Company A Company B

WHAT THIS MEANS FOR THE ENVIRONMENT?

WHAT THEY THOUGHT WOULD HAPPEN…

KYOTO PROTOCOL

GROWTH AND THE ENVIRONMENTAL KUZNETS CURVE

We need to spend 180 billion per year globally to maintain the protocol

It would reduce the temperature by 0.004 °C by end of century

EUROPE 2020 POLICY

We need to spend 250 billion per year

It would reduce the temperature by 0.05 °C by end of century

WHAT THIS MEANS FOR THE ECONOMY?

Increase in selling price

FROM ASSET TO LIABILITY Carbon-emitting industry would be greatly affected by this larger decrease in demand They become a HUGE BURDEN on economy

LOSING THE CUTTING EDGE Increase in carbon price Higher cost for exports The country loses trade advantages

WHAT THIS MEANS FOR THE BUSINESS?

“The Australian Securities & investment commission reports there were 10,632 company which have closed down 12% higher than GFC”

WHAT THIS MEANS FOR THE HOUSEHOLDS?

Effect of carbon price on expenditure ($23/ ton) Price of electricity increases by 10% Price of gas increase by 9% Price of food increase by less than 5% Overall effect is just 0.7%

HOUSEHOLDS SPEND MORE ON BEER (2.2%) THAN THEY DO FOR ELECTRICITY (2.1%)

FINDINGS - AUSTRALIA Carbon tax of $23 is not enough $100 per tonne of carbon tax needed to be charged to make an impact on current situation This will collapse the economy

GLOBAL NEW INVESTMENT IN RENEWABLE ENERGY Source: UNEP,Bloomberg

CONCLUSION We have been focusing on controlling the carbon emission Instead, we should focus on solving the problem by research on green energy “Every dollar on R&D would avoid $11 of climate damage”

INNOVATE OR PERISH

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