C-MACC Weekly “CRETER” (Climate etc.)
Carbon Prices – Inequitable and Uncertain – Not What We Need
- Applying a consistent value to carbon is the most commercially sound path to get behavioral alignment to lower global emissions – currently, this is lacking!
- Prices need to reflect the actual costs of carbon abatement, either now or at some defined point in the future – carbon offset markets remain very adrift.
- Uneven carbon values or direct government aid to specific projects will further distort opaque competitive playing fields – this is hard to correct through tariffs.
- Separately, we look at how pricing will ultimately matter and that some sustainably acceptable solutions will inevitably be lower cost than others.
- We discuss other hot topics, such as the competitive race to decarbonize US LNG and whether recyclability or carbon footprints will be more important in polymers.
See PDF below for all charts