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SPECIAL: Direct CO2 pricing gives room for additional voluntary emissions reductions

Foto: iStockMost climate economist agree that it makes sense to put a price tag on the emission of the most important greenhouse gas carbon dioxide, CO2. The discussion primarily revolves around whether it would be better to achieve this through a tax or emissions trading. Arguments include the administrative effort involved, the signal effect for investors, and the political enforceability. A new study based on a scientifically controlled experiment now sheds light on another aspect that has barely been researched so far: the incentive effect of both options on actors who want to act morally beyond their economic interests. The study was conducted by the economists Axel Ockenfels, Peter Werner and Ottmar Edenhofer, and has now been published in the renowned journal Nature Sustainability. Read more...

Four of nine planetary boundaries now crossed

Four of nine planetary boundaries now crossed

01/16/2015 - Four of nine planetary boundaries have now been crossed as a result of human activity, says an international team of 18 researchers in the journal Science. The four are: climate change, loss of biosphere integrity, land-system change, altered biogeochemical cycles. The scientists say that two of these, climate change and biosphere integrity, are “core boundaries” – significantly altering either of these would “drive the Earth System into a new state”. The team will present their findings in seven seminars at the World Economic Forum in Davos (21-25 January).

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