PLEA Network

28 October 2015, The guardian, Paris climate deal will not include global carbon price, says UN climate chief. Christiana Figueres tells investor event that a climate deal to be agreed in Paris in December will not be able to come up with a global carbon price. A climate change deal to be agreed in Paris in December will not be able to come up with a global carbon price, the United Nations’ climate chief, Christiana Figueres, said on Tuesday. Big multinational companies and investors, and most recently oil majors, have called for a global carbon price to help spur investments in low-carbon energy. A global carbon price would help to create an incentive for operators of power plants and factories to switch to cleaner fuels such as gas or to buy more energy-efficient equipment. When the European Union launched a carbon trading scheme in 2005 there were expectations this would eventually lead to a global carbon scheme by 2020 worth around $2 trillion. But the difficulties of bringing together different carbon schemes from countries around the world means the goal of a global carbon price remains elusive. Read More here