Swedish Power Executive Calls for Uniform Carbon Price.

[NNadir]

Josefsson: "We need a price on carbon"
23 January 2007

A binding global price must be put on greenhouse gas emissions, said Lars Josefsson, CEO of Swedish energy company Vattenfall.


Vattenfall's Lars Josefsson is a climate change advisor to German Chancellor Angela Merkel
His remarks were made when presenting his company's climate change study, "a comprehensive worldwide compilation of possible measures to safeguard the climate."

Taking into account all possible ways to curb climate change, the study concludes that limiting carbon dioxide concentrations in the atmosphere to 450 ppm would cost about 0.6% of global gross world product. This compares favourably with the British government's Stern Review which put the cost at 1%, but Vattenfall include the caveat that "all identified potential" must be exploited.

Many climate scientists believe that stabilisation at 450 ppm would still cause an increase in global average temperatures of 2 degrees Celsius...

...According to the report, emissions from the power sector can be reduced by about 6 billion tonnes of carbon dioxide equivalent through increased use of renewables, nuclear, carbon capture and storage, fuel switch from coal to gas and demand reduction.

It was estimated that the average overall cost of avoiding emissions would be about Eur15 ($20) per tonne of carbon dioxide, although about 40% of reductions in industrialised countries can finance themselves in energy cost savings due to "considerable hidden possibilities."

http://www.world-nuclear-news.org/energyEnvironment/Josefsson_We_need_a_price_on_carbon.shtml

[Trillo]

1. Call me cynical,

but I'll jump for joy if they're talking about getting rid of the wholesale/retail chasm. If some-one or -entity sells carbon debits at inflated prices to consumers, and companies get wholesale prices on credits, it'll just end up being another corporate windfall, a pseudo-new game, strangely similar to the old game, where a winner and loser is defined and determined at the outset.

[Dead_Parrot]

2. "stabilisation at 450 ppm"!?

Yeah. And I'm going to be the first man on mars.

[Moby Grape]

3. this is absurd

gasoline sells for six bucks in Europe,
twelve cents in Venezuela.

one size does not fit all

[NNadir]

4. A molecule of carbon dioxide has the same properties in Venezuela

as it does in Europe.

It has the same external cost everywhere on the planet.