Carbon Pricing

EnergyTag is an independent, non-profit, industry-led initiative that aims to accelerate the shift to carbon-free energy by defining and building a market for time-stamped renewable energy certificates. Already, corporate giants like Google and Amazon are onboard via their participation in demonstration projects in Europe and the U.S. As part of the UP Initiative’s Q3 theme on sustainable electricity supply, founder Toby Ferenczi spoke to pv magazine about the idea behind EnergyTag and how he aims to revamp the electricity market.

Conventional incentives such as renewable portfolio standards, feed-in tariffs or feed-in premium payments may lead to a price cannibalisation scenario for wind and solar, according to a new study from a German-Swedish research group. CO2 pricing is, however, considered an efficient tool to maintain their market value high enough to ensure new investments. A total system cost approach, rather than an LCOE perspective, is needed to understand the strong dependence of market value on policy choice though.

Australian researchers have completed the world’s largest comparative study on carbon pricing and the results are a “crystal clear” message to governments around the world, but particularly Australia – carbon pricing works, and works well.

Rio Tinto Chairman Simon Thompson is urging governments to take “urgent” action on climate change despite the twin evils of Covid-19 and economic recession. The call comes amid criticism that Rio Tinto’s own emissions reductions schemes are too weak.