19.02.2015 - BP: Carbon price needed to prevent dangerous climate change
BP's chief executive Bob Dudley has joined calls for a global carbon price to counteract spiralling emissions over the next 20 years, as projected by the oil giant's latest Energy Outlook report. The Outlook Report predicts that emissions will rise by 1% every year from now until 2035 - far above any 'safe' emissions targets identified by experts. This adds up to a 25% increase, which is "materially higher" than a scenario whereby global temperature rises are limited to 2C, the company says. Dudley suggested that policymakers should introduce a "meaningful price on carbon" to tackle the issue. "A global carbon price would help to unleash market forces and provide the right incentives for everyone to play their part," he said. "History has shown the power of market forces in making economies less energy intensive as people have found more efficient ways to use energy."..............................................Full Article: Source
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