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Government energy legislation: Cutting emissions and increasing renewables

  • August 2015
  • -
  • MarketLine
  • -
  • 33 pages

Summary

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Introduction

Fossil fuels such as coal, gas, & oil are cheap, combustible, & allow a country to grow its economy quickly. This is why, despite many countries enacting legislation limiting carbon emissions & increasing renewable energy sources, greenhouse gas emissions continue to grow. This case study looks at attempts by governments around the world to reduce emissions in an attempt to curb climate change.

Features and benefits

* This case study examines why fossil fuels are popular, and looks at the benefits of renewable forms of energy, such as wind and solar.
* Carbon pricing is defined, and its benefits are examined.
* Finally, this case study looks at different legislation enacted in different countries, and how successful they have been.

Highlights

Denmark is one of the most progressive countries in the world when it comes to energy, and is aiming to be fossil free by 2050, in both electricity production and transportation. This ambitious policy is well on its way - the country generated 39% of its electricity by wind power in 2014.
China is the world's biggest carbon emitter, with per capita carbon emissions surpassing the EU for the first time in 2013, producing 7.2 tonnes per person, compared to the EU's 6.8 tonnes. It is still far behind the US, which produces 16.5 tonnes per person. However, due to its population size its emissions surpass those from any other country.
In the UK, the Committee on Climate Change, the government's independent advisers, estimate that carbon prices should be set at £30 (approximately $49) per tonne of carbon dioxide in 2020 and £70 (approximately $115) in 2030 in order to meet its goal to reduce carbon emissions by at least 80% by 2050 from 1990 levels

Your key questions answered

* Why do fossil fuel emissions continue to rise despite various countries' legislation to limit them?
* What is carbon pricing?
* What have different countries done to limit the use of fossil fuels and promote the use of renewable forms of energy?

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