Wednesday 16 February 2011

Nobody seems to like the carbon floor price | ft energy source blog | Energy and environment news and analysis – FT.com

Nobody seems to like the carbon floor price | ft energy source blog | Energy and environment news and analysis – FT.com

No surprises there then! Notwithstanding that a carbon trading scheme is just another capitalist scheme, that will have a very limited impact on changing behavior in terms of fossil fuel consumption, all it will do is create clearer divisions between the haves and the have-nots with the haves buying up permits from the have-nots who don't even manage to use 'enough' carbon.


'fixing' the floor of carbon trading is set only to influence the behavior of potential nuclear investors and is protectionism in the worst sense of the word, i.e being evoked to protect the commercial interests of private companies (at least it might be vindicated if it were the economy of a poor country!).

It's nice to see a distinction being made between green & nuclear also, given the green-wash of the last decade engaged in by the nuclear industry trying to brand itself as green.

It's also nice to see that energy analysts agree that the current measures such a fixing the carbon trading scheme are subsidies even if they do say it in a roundabout way. I'm also thinking that this particular bit of nuclear industry rent-seeking may well backfire anyway and maybe will even fail to provide potential nuke investors the re-assurance they seek anyway, after all what reassurance does a shaky trading scheme that may not itself survive, offer to somebody being asked to make a very significant long term investment?

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