This isn’t a particularly good piece at Climate Change News:
Speaking at a sustainability event in London, Sir David argued innovation to bring down the cost of clean technology would bring swifter results.
“I don’t think it [carbon pricing] is a fast enough driver for change,†he told Climate Home on the sidelines. “It needs to go hand in hand with other regulatory systems.â€
His stance contrasts with the priorities of neighbouring France and indeed the UK government’s line within the EU.
Last week, France was among six countries calling for an expansion of carbon pricing to cover half the world’s emissions by 2030.
but it does bring up an important point that I hadn’t considered before. While carbon pricing may be too slow to be an effective tool against climate change, I’d be willing to be that it’s just dandy for arbitrage.
