Pricing up pollution
Rick Gould reports on three decades of emissions trading schemesIn 1990, the US established the first cap-and-trade (CAT) or emissions trading scheme (ETS) for air pollution. This saw industries allocated a quota of emissions allowances, which they could trade. Fr
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UK chancellor Rishi Sunak has today confirmed a temporary windfall tax on the profits of oil and gas firms to help with the cost-of-living crisis.
Petrochemicals could be made with almost no carbon emissions if the industry invests an extra $759bn (£604bn) by 2050, according to a new report from research firm BloombergNEF (BNEF).