Post by Judd Ormsby
Jessika Luth Richter and Lizzie Chambers’ recent article “Reflections and Outlook for the New Zealand ETS: must uncertain times mean uncertain measures?” provides an overview of the stated purposes of the ETS, descriptive analysis of trends in recent years, and new results from a survey the authors conducted.
Friday, 25 July 2014
Thursday, 17 July 2014
High-profile research suggests the ‘social cost of carbon’ is too low
By Luke Harrington
with Catherine Leining
The ‘social cost of carbon’ (SCC) is the estimated cost of
the damage caused by each additional tonne of carbon dioxide (or its
equivalent) released into the atmosphere. In practical terms, it tells us how much money
we can save from avoided damages when we reduce each tonne of greenhouse gas
emissions.
Thursday, 10 July 2014
Fossil Fuel Divestment - Part 2: The role of New Zealand in the movement
By Luke Harrington
As discussed in my previous post ‘Fossil
Fuel Divestment Part 1: Can it really make a difference’, the notion of
divesting from fossil fuels has started to gain traction following a movement
led by 350.org founder Bill McKibben – to date, some 63 US institutions
(including Stanford
University), as well as the cities of Seattle and San Francisco, have
committed to divesting fossil fuel stocks.
The global divestment campaign has recently started to have
an influence in New Zealand too. While our universities do not have large
endowments like their US counterparts, other organisations, such as Westpac,
have been targeted by activists for supporting fossil-fuel-related ventures.
State-owned funds also have large investments in oil, gas and coal companies. While
these entities have actively divested from the nuclear industry in the past,
they seem unwilling to do the same for fossil fuels at present. Here, we look
at how New Zealand organisations, both government and commercial, are influenced
by the fossil fuel divestment debate, and how one New Zealand city is leading
by example.
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