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Putting the Genie Back: Why Carbon Pricing Matters (Volume 2), by David Hone
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In this second book in the Putting The Genie Back series, David Hone moves from the subject of climate change itself, to the necessary political response to the issue. The tough question facing any government as it confronts the task of reducing national carbon dioxide emissions is where to start and what to do first. The most likely candidate for this and therefore to achieving the goal of limiting warming of the climate system, Hone argues, is carbon pricing. The economic reasoning behind this, like climate science, is not new and has its roots in thinking from a century ago. Yet in the halls of many 21st century parliaments the approaches being followed bear little resemblance to the elegance and simplicity of this one instrument that taps directly into and unleashes the power of the market. Carbon pricing has enormous potential to shift global energy investment and help the least developed economies muster the funds they need to build sustainable energy systems. Most importantly, carbon pricing offers the prospect of not only solving the carbon emissions problem, but doing so equitably and at lowest cost to society. So why are we shunning this policy solution in favour of indirect and often more expensive pathways? All proceeds from this book will be donated to the Center for Climate and Energy Solutions (C2ES) and 2041, two NGOs that the author has worked with directly over many years.
- Sales Rank: #1671293 in Books
- Published on: 2015-09-14
- Original language: English
- Dimensions: 7.81" h x .22" w x 5.06" l,
- Binding: Paperback
- 96 pages
Most helpful customer reviews
1 of 1 people found the following review helpful.
A brilliant and inspiring view of the energy transition--from an insider.
By Peter Fiekowsky
Hone paints a clear picture of carbon pricing in a short book. He describes the history of the various trading schemes evolving during the last twenty years of climate negotiations in a way that gives a deep appreciation of the work involved, and the hope. The clearest description of that most complicated endeavor.
He gives a perspective from Shell Oil, in which CCS, carbon capture and sequestration is a key measure of the success of carbon pricing. CCS would allow natural gas power plants to generate electricity with 80% to 90% less emissions, but requires a carbon price of $100/ton. As a non-oil company employee, this reader wonders how CCS plants could compete against advanced wind and solar 10-20 years from now, considering that more than half new power plant construction is already wind and solar, and their prices are falling while natural gas prices are rising, and will rise even faster when a carbon price is applied.
If I worked for an oil company, I'd discuss CCS encouragingly too, though.
A valuable and quick read for anyone who wants to sense the heart and caring of a committed oil company and its chief climate advisor.
0 of 0 people found the following review helpful.
Enjoyed first book more
By Ton054
I enjoyed the first book from David Hone more. Too much detailed information that is not so interesting for a layman reader
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