A TOOLKIT OF ECONOMIC ARGUMENTS ON EUROPE'S

LOW-CARBON ECONOMY

A handful of economic myths focused on the negative effects of ambitious climate action currently dominate the public discourse. This toolkit addresses these myths with referenced arguments.

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MPs agree on ‘blueprint’ for UN climate deal in 2015

RTCC-09.06.2014 Ed King MPs from 80 countries have agreed to push for tougher climate change legislation in their domestic parliaments. A three-day meeting of around 400 international lawmakers in Mexico City ended on Sunday with a ‘resolution’ to support UN efforts to develop a global greenhouse gas cutting deal in 2015. “Now is the time […]

Chinese official plays down emission cut expectations

Reuters-09.06.2014 David Stanway Any near-term regulation of China’s greenhouse gas emissions would likely allow for future emissions growth, a senior government official said on Monday, discounting any suggestion of imminent carbon cuts by the biggest-emitting nation. Sun Cuihua, deputy director of the climate change office at the National Development and Reform Commission, said it would […]

The beginnings of a common European energy policy

  Financial Times-08.06.2014 Nick Butler A 220-page document entitled “Commission Staff Working Document: In-depth study of European Energy Security” is hardly designed to be a best seller. Few outside Brussels will read the European Commission paper in full, which is a pity because it is an excellent piece of work. It also provides the basis […]

CORRECTED-UPDATE 2-China plan to cap CO2 emissions seen turning point in climate talks

Reuters – 03.06.14 Joseph Radford (Changes attribution in paragraph 1 to government adviser, alters paragraph 3 to say adviser’s statement) * Government adviser says China to introduce absolute cap from 2016 * U.S. has announced plans to rein in emissions from its power sector * Climate negotiators heading to Germany for climate talks China will […]

China and Russia sign a mega gas deal (FR)

Xinhua News  21-05-2014 La Chine et la Russie ont signé mercredi à Shanghai un accord longtemps attendu qui met fin à plus d’une décennie de négociations sur l’approvisionnement en gaz naturel entre les deux pays voisins. Le président russe Vladimir Poutine, actuellement en visite d’Etat en Chine, avait déclaré hier que “des progrès significatifs” avaient […]

Polish plan on EU Russian gas buying gaining support

Reuters – 26.05.14 Barbara Lewis Poland’s call for European Union nations to work together in price negotiations with Russian natural gas exporter Gazprom is gaining support spurred by the crisis in neighbouring Ukraine. Following a tour of European capitals to drum up backing, Polish Prime Minister Donald Tusk was invited to Brussels last week to […]

Anti-EU parties storm European election

The Financial Times – 26-05-2014 By James Fontanella-Khan in Brussels, Hugh Carnegy in Paris and Kiran Stacey  France’s far-right Front National stormed to victory in European elections on Sunday night, leading an unprecedented surge in support for anti-EU parties across Europe that was set to reverberate far beyond Brussels.The FN, led by Marine le Pen, claimed victory […]

Russian strategy to buy up Europe’s refineries exposed

Euractiv – 23.05.14 Russia’s strategy of buying up oil refineries in Europe could compromise the bloc’s energy security, EU officials said in a draft report prepared for the region’s leaders. Europe’s refining sector has been weakened by a combination of high oil prices, slack demand and poor profit margins, prompting many companies to sell off […]

Russia predicts 30% rise in climate-warming gases by 2040

RTCC – 13.05.14 Olga Dobrovidova A new expert report prepared for the Russian authorities sees global emissions from fuel combustion in 2040 rise by 30% from today’s levels – adding not a grain but, rather, a truckload of salt to prospects of increasing climate ambition. The Analytical Center for the Government of the Russian Federation, a […]

Australian coal bonanza may provoke a climate catastrophe

The Times – 13.05.14 Bernard Lagan Australia is planning to open nine new mega mines in an area larger than Britain, which geologists say could yield at least 27 billion tonnes of coal. The deposits in the 96,000 square mile (250,000 sq km) Galilee basin are among the biggest global reserves of thermal coal — […]

Carbon News

News

MPs agree on ‘blueprint’ for UN climate deal in 2015

RTCC-09.06.2014 Ed King MPs from 80 countries have agreed to push for tougher climate change legislation in their domestic parliaments. A three-day meeting of around 400 international lawmakers in Mexico City ended on Sunday with a ‘resolution’ to support UN efforts to develop a global greenhouse gas cutting deal in 2015. “Now is the time […]

News

US states consider carbon-trading schemes

Financial Times-09.06.2014 Berney Jopson, Ed Crooks A number of US states are starting to consider carbon trading schemes to meet limits on greenhouse gas emissions put forward in President Barack Obama’s latest climate change initiative. The signs of interest show that although Mr Obama’s proposals for more sweeping cuts in power plant carbon emissions have […]

News

EU deal on energy taxation remains elusive

ENDS Europe-09.06.2014 Valerie Flynn The incoming Italian EU presidency will take over work on the revised energy taxation directive, after intensive talks since January failed to deliver a breakthrough on the proposal to link fuel taxation to CO2 emissions and energy content. Some member states remain opposed to the tax structure set out in the […]

News

U.S. Fossil-Fuel Cut Must Go Deeper to Spur Climate Fight

Bloomberg– 04.06.14 Reed Landberg & Lananh Nguyen The U.S. must go much further than President Barack Obama has proposed in reducing carbon emissions if the fight against global warming is to gain any traction. Obama proposed cutting the share of U.S. electricity generated from coal-fired plants to 30 percent by 2030 from 39 percent last […]

News

£100m BT deal for Mynydd Bwllfa wind farm energy

BBC – 03.06.14 BT has announced a £100m deal to buy 50% of the energy it will use in Wales over 15 years from a wind farm being built in Rhondda Cynon Taf. The telecommunications firm will buy all of the electricity generated by Mynydd Bwllfa, near Hirwaun, from 2015. It said it was a […]

News

Chinese official plays down emission cut expectations

Reuters-09.06.2014 David Stanway Any near-term regulation of China’s greenhouse gas emissions would likely allow for future emissions growth, a senior government official said on Monday, discounting any suggestion of imminent carbon cuts by the biggest-emitting nation. Sun Cuihua, deputy director of the climate change office at the National Development and Reform Commission, said it would […]

News

Ukraine, Russia Fail to Reach Deal in Natural-Gas Talks

The Wall Street Journal-09.06.2014 Vanessa Mock Ukraine and Russia failed to reach a deal to end their long-running dispute over natural-gas prices during late-night talks Monday. The European Commission hosted the meeting in Brussels in hopes of averting a possible disruption of Russian gas supplies as early as this week and said the two sides […]

News

The beginnings of a common European energy policy

  Financial Times-08.06.2014 Nick Butler A 220-page document entitled “Commission Staff Working Document: In-depth study of European Energy Security” is hardly designed to be a best seller. Few outside Brussels will read the European Commission paper in full, which is a pity because it is an excellent piece of work. It also provides the basis […]

News

U.S. sets new import duties on Chinese solar products

Reuters – 04.06.14 The United States slapped new import duties on solar panels and other related products from China on Tuesday after the Commerce department ruled they were produced using Chinese government subsidies, potentially inflaming trade tensions between the two countries. The U.S. arm of German solar manufacturer SolarWorld AG filed a petition complaining that […]

News

The 10 things we can learn from Europe about energy efficiency

The Guardian– 03.06.14 Steve Cole Across Europe a green building revolution is under way. Germany and Austria, the home of the Passive House standards, may be leading the charge but there is a reassuringly pan-European feel to Powerhouse Europe challenge – a project that aims to boost the number of “nearly zero energy” homes across […]

Importance of Low Carbon

A handful of arguments focused on the negative effects of increasing the EU's climate policy ambition - whether increasing Europe's emission reduction goal, tightening the Emissions Trading System, or introducing new policies to reduce emissions - currently dominate public discourse. These arguments build on the exaggerated concerns of a few industrial sectors and remain unchallenged by most policy makers, afraid of losing jobs and money in the current economic context. As a result, policy debates are biased by a few commonly accepted myths and misleadingly focused on minimising costs and protecting vested interests.