Tuesday, November 26, 2024.
Working with greater than 100 nations, the OECD is a worldwide coverage discussion board that promotes practices to protect particular person freedom and enhance the financial and social well-being of individuals world wide.
In keeping with a current OECD report, “reductions in energy consumption tax rates in many countries in response to the recent energy crisis have led to lower implicit carbon prices in 2023.”
Then again, the identical report signifies that as a result of entry into operation of round 15 new emissions buying and selling schemes over the subsequent 5 years, a higher a part of emissions can be priced.
“Other things being equal”is a Latin expression which means “all other things being equal”.
Why do we are saying this? Amongst a number of causes, we spotlight the next 4.
(1) the worth has an inverse correlation with the amount of cash out there.
(2) inflation erodes costs.
On this regard, it’s price remembering that we dwell in a time when the world is experiencing a crescendo of geopolitical tensions for a number of causes.
And Al Gore, former vice chairman of america, did it once more a number of days in the past, throughout COP 29 in Azerbaijan:
“A thin blue shell that surrounds our planet… It’s blue because it’s where the oxygen is and it’s also where all the pollution that leads to global warming is. And it’s so thin that if you could drive a car through the air, at freeway speed, you would reach the top of that blue line in about 5 to 7 minutes. And it is this that we are using as an open sewer for all the pollution that is warming the globe, at a rate of 175 million tons every day… on average, the molecule stays there for about 100 years, so it accumulates… the biggest source of all this pollution, of course, is the burning of fossil fuels, 80% …” stated Al Gore. Here you can watch and hear everything in a YouTube video from @WeDontHaveTime
Click on on the picture beneath to entry the press launch of the OECD on the report “Pricing Greenhouse Gas Emissions 2024: Gearing Up to Bring Emissions Down” which is offered in English and French.
Final however not least, the Latin expression talked about above – “Other things being equal” – can also be used to facilitate the reason of ideas, notably in Economics and Chemistry, two sciences – one social and the opposite pure – that converge once we check with Carbon Credit score Marketsproper?
