Creating a cost for Carbon

[basilio]

One of the key elements of moving industry to a clean energy future is putting a price on carbon. Most industry groups recognise the need and inevitability of this transition. But they also require the economic rationale to be made crystal clear so that they can legitimately make investment decisions based on a clean energy industrial framework.

Woodside recognised the imperatives of CC and joined BHP and RioTinto in calling for a price on carbon.

Woodside Petroleum joins BHP and Rio Tinto to call for carbon price
‘By the time the science is proven, it will be too late to act,’ chief Peter Coleman says

Woodside Petroleum chief executive, Peter Coleman, has joined mining giants BHP and Rio Tinto in calling for a price on carbon to help with emissions reduction targets and the transition to renewable energy.

...., its current chief, Peter Coleman, says investors are increasingly concerned about the company’s sustainability measures, and the issue should be dealt with through an appropriate global approach.

“We need a price on carbon. We need to ensure the most effective energy gets into the system,” he told the ABC on Tuesday evening.

“We don’t want to have perversive outcomes where lowest-cost energy suppliers are competing against renewables, and we end up in a situation where we’ve invested a lot in renewables but in fact see no benefit from a carbon point of view.”

https://www.theguardian.com/environ...ns-bhp-and-rio-tinto-to-call-for-carbon-price

 

[sptrawler]

One of the key elements of moving industry to a clean energy future is putting a price on carbon. Most industry groups recognise the need and inevitability of this transition. But they also require the economic rationale to be made crystal clear so that they can legitimately make investment decisions based on a clean energy industrial framework.

Woodside recognised the imperatives of CC and joined BHP and RioTinto in calling for a price on carbon.

Woodside Petroleum joins BHP and Rio Tinto to call for carbon price
‘By the time the science is proven, it will be too late to act,’ chief Peter Coleman says

Woodside Petroleum chief executive, Peter Coleman, has joined mining giants BHP and Rio Tinto in calling for a price on carbon to help with emissions reduction targets and the transition to renewable energy.

...., its current chief, Peter Coleman, says investors are increasingly concerned about the company’s sustainability measures, and the issue should be dealt with through an appropriate global approach.

“We need a price on carbon. We need to ensure the most effective energy gets into the system,” he told the ABC on Tuesday evening.

“We don’t want to have perversive outcomes where lowest-cost energy suppliers are competing against renewables, and we end up in a situation where we’ve invested a lot in renewables but in fact see no benefit from a carbon point of view.”

https://www.theguardian.com/environ...ns-bhp-and-rio-tinto-to-call-for-carbon-price

Woodside is moving into hydrogen production and may want some sort of credit system, to offset its LNG carbon cost. Just my thoughts and I may well be completely wrong.

https://www.reuters.com/article/aus...pans-hydrogen-push-woodside-ceo-idUSL3N1SL1XR

I don't have any issue with it as long as the Australian taxpayer isn't funding, the costs for corporations to adopt new technologies, that they will reap the benefits from.

 

[PZ99]

You know when the big end of town want a price on carbon they are seeking an advantage.

The price of co2 is expected to triple over the next 30 years. Nice little earner if you can sell the credits for 3 times their initial cost instead of burning them