ENVR 201 Lecture Notes - Lecture 19: Laziness, Jevons Paradox, Carbon Tax
7 Feb 2018
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Document Summary
If you want to know what the world will look like tomorrow . Abatement cost curve: a lot of efficiency improvements that we can be making (more efficient eating, more efficient transport, more use of biofuels, some industrial processes that are easy to change) Current fossil fuel energy infrastructure: 55 trillion : we are invested heavily in fossil fuel infrastructure (the entire globe) Graph of reduction targets: getting down towards the 1990 levels, on the long term, we imagine that the carbon prices will not go over 300- In canada, it is much smaller than this. If you give out permits for free same mitigation effect. Some are handed out for free, some are auctioned. Ghg gases: firms bringing fossil fuels or etc into the economy buy permits at the fixed price, overall: emissions reduction go given prices, examples: norway, denmark, bc. Instead of the government intervening firms interacting in which they trade the allowances.
