Thursday, September 10, 2015

How to curb emissions? Put a price on carbon

http://ekaweb02.eurekalert.org/pub_releases/2015-09/puww-htc090315.php

Public Release: 3-Sep-2015
How to curb emissions? Put a price on carbon
Experts suggest opening up access to power grid, ending fossil-fuel subsidies to make wind and solar power cheaper
Princeton University, Woodrow Wilson School of Public and International Affairs

Literally putting a price on carbon pollution and other greenhouse gasses is the best approach for nurturing the rapid growth of renewable energy and reducing emissions.

While prospects for a comprehensive carbon price are dim, especially in the U.S., many other policy approaches can spur the renewables revolution, according to a new policy article published in Nature.

The current price of carbon - which is below zero, once fossil-fuel subsidies are taken into account - is far too low given the hidden environmental, health and societal costs of burning coal and oil.

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