Mark Schofield and Harry Manisty of PricewaterhouseCoopers LLP examine the respective merits of a carbon tax and emissions trading and consider the current implications of this debate for business
In the lead up to the UN Climate Change Conference in Copenhagen later this year pressure is building on the international political community to agree a consistent approach to 'putting a price on carbon' an economic prerequisite to any meaningful attempt to change behaviours and cut greenhouse gas emissions. The UK feels this more acutely than most having just committed to an 80% cut in carbon emissions by 2050. A key theme emerging from the debate is whether carbon cuts would be best achieved through a 'cap and trade' emissions trading scheme or by implementing a new tax on carbon. Trading...
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Mark Schofield and Harry Manisty of PricewaterhouseCoopers LLP examine the respective merits of a carbon tax and emissions trading and consider the current implications of this debate for business
In the lead up to the UN Climate Change Conference in Copenhagen later this year pressure is building on the international political community to agree a consistent approach to 'putting a price on carbon' an economic prerequisite to any meaningful attempt to change behaviours and cut greenhouse gas emissions. The UK feels this more acutely than most having just committed to an 80% cut in carbon emissions by 2050. A key theme emerging from the debate is whether carbon cuts would be best achieved through a 'cap and trade' emissions trading scheme or by implementing a new tax on carbon. Trading...
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