Trump ‘Shot America’s Credibility in the Head’; Carbon Market Discussions to Ramp Up in Coming Months: Kerry

–“Reality carbon price” still missing globally; prices too low: Kerry

By Mathew Carr

April 9, 2021 — LONDON: U.S. Special Envoy on Climate John Kerry said talks on carbon markets will intensify “into the next months” because they are an important tool in combating the climate crisis.

Clean tech has plunged in cost, yet the world is continuing its dirty ways amid the coronavirus pandemic recovery because there’s little incentive to shift from the status quo. That’s why carbon prices are desperately needed — polluters need to start paying.

See his comments, speaking in India, April 8:

Journalist:  Jayashree Nandi, Hindustan Times.  I have a couple of questions that are related.  One, did you have any discussions regarding carbon markets or carbon trading with the Indian officials?  And did you have any discussions regarding net zero emissions target – first the 2030 targets and then leading up to net zero emissions later?

Mr. Kerry:  Any discussions about what?

Journalist:  With the Indian officials, with your Indian counterparts.

Mr. Kerry:  About?

Journalist:  About carbon trading and carbon markets.

Mr. Kerry:  Okay.  That’s the main question.

Yes, not in-depth, not a huge one, but we both agree carbon markets exist and need to exist.  We need them to be stronger.  President Biden believes that at some point in time we need to find out a way to have a price on carbon that’s effective.  He hasn’t decided or made an announcement about it, but we all know that one of the most effective ways to reduce emissions is putting a price on carbon.  You’re paying a price here now.  You have a price on gas, you have a price on coal, and it has some effect but no one has yet put the reality price on anything.  The fact is, prices are low enough that it’s just not having the kind of broad effect that we need to have on a global basis.  It’s a subject that needs to be discussed.  I think going into the next months there will be a lot more talk about whatever tools are available to us and certainly a carbon market is an important tool.

https://icapcarbonaction.com/en/ets-prices

Briefing here including this quote on Trump:

 “He shot America’s credibility in the head and turned his back on science and became the only leader of a nation, let alone one of the biggest nations, but the only leader of any nation who decided to withdraw from the agreement.  Without science, without any rational — other than telling something to the American people that wasn’t true, which is that Paris put too big a burden on the United States.  Well guess what?  Paris didn’t place any burden on the United States.  Every country wrote its own plan in Paris.  Every country decided itself what it would do

https://www.state.gov/briefing-with-special-presidential-envoy-for-climate-john-kerry/

John Kerry

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