@preeti_msoni@ETC_energy@iyer_sriram A #carbon price is a fee imposed by the #Government on carbon to reduce carbon emissions. The idea behind carbon pricing is to encourage lower-carbon behaviour and to attract investments into renewable energy by making polluting production processes more expensive.
@preeti_msoni@ETC_energy@iyer_sriram With a #carbon pricing policy in place, countries have seen a 2% fall per year between 2007 and 2017. Whereas, countries without carbon pricing have witnessed a 3% increase in carbon emissions, according to a latest study by the World Economic Forum (@Davos).
@preeti_msoni@ETC_energy@iyer_sriram@Davos It can be either a tax on products and services based on their #carbon intensity or a quota system setting a cap on permissible emissions in the country or region and allowing companies to trade the right to emit carbon.
@preeti_msoni@ETC_energy@iyer_sriram@Davos When different countries have different tax on emissions, it may make companies in some countries less competitive than others. It is a significant challenge in a globalised economy.
@preeti_msoni@ETC_energy@iyer_sriram@Davos For example, if #India charges more per unit of carbon emission compared to #China, the cost of steel from India would be more, and therefore less attractive to international buyers.
@preeti_msoni@ETC_energy@iyer_sriram@Davos However, Turner has a way around it— border adjustments. “I am going to charge a tariff with the border to reflect the fact that there’s a carbon price. Now, that’s not the ideal way to go, that’s second best,” he said.
@preeti_msoni@ETC_energy@iyer_sriram@Davos “The ideal way — and I think there will be debates about this in the big conference next year in Glasgow — is if we can get some international agreements at least in these traded sectors of the economy to have a similar #carbon price in different countries,” Lord Turner said.
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Forget making back money, it looks like Brahmastra is taking down PVR & Inox investors with itself. With early reviews pouring cold water on #Brahmastra’s prospects, India’s largest theater chains PVR & Inox have cumulatively lost over ₹800 crore in market capitalization today.
In Indian mythology, #Brahmastra is known as a weapon of unstoppable destruction, which can only be stopped by its counterattack astra (weapon). Ironically, the movie could end up being a victim of the weapon it is named after.
The late #QueenElizabethII has visited India three times – in 1961, 1983 and 1997, each time accompanied by her husband and Duke of Edinburgh, the late Prince Philip. Her first visit came nearly 15 years after India's independence.
#KingCharlesIII takes over as the British monarch after the death of #QueenElizabethII, and that will lead to a demonetisation in the UK. New coins and currency notes will be minted and printed after the designs are approved.
The death of #QueenElizabethII has given the British monarchy its first King after over 70 years. The old coins and notes will be slowly phased out of circulation.
The old coins and notes featuring #QueenElizabeth II will continue to be legal tender for the time being.
The #iPhone14 is the base variant and comes with a few upgrades over its predecessor, including the A15 Bionic chipset, upgraded cameras and longer battery life.
Apple has announced the much-awaited #IPhone14 series, the company’s latest flagship offering. In addition to the iPhones, the company also announced Apple Watch SE, #AppleWatchSeries8, Apple Watch Ultra and the AirPods Pro gen 2.
Coming to the iPhone 14 series, the Cupertino giant has introduced four models – the base #iPhone14, iPhone 14 Plus, #iPhone14Pro and the top-end iPhone 14 Pro Max.
Apple has made significant changes to the iPhone 14 series.
Astronomers focused the #JamesWebbSpaceTelescope on Tarantula Nebula, one of the brightest and most active star-forming regions in our galactic backyard, and found thousands of young stars they hadn't seen before, images released by NASA on Tuesday show.
The Tarantula Nebula, is an immense cloud of gas and dust about 160,000 light-years away in the Large Magellanic Cloud, a satellite galaxy of the #MilkyWay. The nebula has birthed some massive stars, a few that are more than 150 times the mass of our sun.