S1E58: Overcoming obstacles to pricing carbon right (Pt 2): Green Pulse Ep 58

Green Pulse Ep 58: Overcoming obstacles to pricing carbon right
(Pt 2)


17:36 mins


Synopsis: Every first and third Monday of the month, The Straits
Times analyses the beat of the changing environment, from
biodiversity conservation to climate change.


Climate scientists have sounded the alarm bells. Now, it is time
for policy makers to act. One strategy to reduce emissions of
planet-warming gases is by putting a price on carbon. By making
emitters pay to pollute, the hope is that they take serious
action to curb their release of carbon dioxide. But how effective
have carbon pricing schemes been, and will they result in higher
costs for the rest of society? 


In this episode, environment correspondent Audrey Tan and climate
change editor David Fogarty discuss the issue with Dr Vinod
Thomas, a visiting professor at the National University of
Singapore who was a former World Bank vice-president. 


They discuss the following points: 
How effective are existing carbon pricing schemes? (1:24) 
How buying climate credits from nature-based solutions can benefit
more than just climate (5:50)  What are the obstacles to
pricing carbon right? (9:00)  How feasible is it for Singapore
to implement schemes, such as the carbon fee and dividend, which
channel revenue from carbon pricing back to people? (13:05)

Listen to Pt 1: Taking climate action by putting a price on
carbon -
https://omny.fm/shows/green-pulse-1/taking-climate-action-by-putting-a-price-on-carbon


Understand more about a carbon price floor:
https://blogs.imf.org/2021/06/18/a-proposal-to-scale-up-global-carbon-pricing/


Produced by: Audrey Tan (audreyt@sph.com.sg), David Fogarty
(dfogarty@sph.com.sg), Ernest Luis & Hadyu Rahim


Edited by: Hadyu Rahim


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