This report provides a comprehensive overview of the size and nature of the problem and a range of technical options available now or anticipated in the near future. It examines the current state of the carbon markets, with particular reference to what was widely perceived as a failure by the international community at Copenhagen in December 2009. rben0236
Features and benefits
- Achieve a quick and comprehensive understanding of the current issues under-lying the climate change debate.
- Analyze clear linkage between technological solutions – and the economic framework in which they have to be developed.
- Insight into the future planning consequences of failure to reach international agreement at Copenhagen.
- Understanding of the political dimension that is currently hampering efforts to reach international agreement.
- Comprehend the barriers to private sector initiatives in tackling carbon emissions
The range of technologies available to mitigate carbon emissions is wide and many technologies are capable of being implemented now: the main obstacle to implementation is cost.
The economic theory underpinning a solution to carbon emissions is based on the allocation of the carbon cost to different activities by means of a worldwide carbon pricing mechanism – and leaving the detailed working out of solutions to market mechanisms.
The current price is half or less what it needs to be for effective technological solutions to be sought by the business community. Current forecasts suggest that targets initially set for 2020 and 2030 in terms of carbon emissions will not be met.
Your key questions answered
- What is the scale of the challenge facing the world in terms of carbon reduction?
- What are the key technological mechanisms available for dealing with these challenges?
- What non-technical solutions (CCS and LULUCF) are available?
- What are the main economic drivers put in place to stimulate technological change (carbon pricing, trading, markets)?
- How has the perceived failure of Copenhagen impacted on international policy in this area?