With climate change imposing ever-higher costs, governments, businesses and investors are belatedly trying to work out how to impose a proportionate monetary cost on those responsible. Pricing carbon emissions will be essential on.ft.com/3aKxiOf
The expected level of carbon prices is going up. Energy giant BP is planning for a carbon price of $100 a tonne of CO2 by 2030 — and experts say that’s not fanciful thinking on.ft.com/3aKxiOf
A carbon price of $100 per tonne would supercharge investment in low-carbon technologies but it would also cripple businesses that are not able to adapt on.ft.com/3aKxiOf
The 100 least resilient companies would lose just under half their market value if carbon emissions are priced at $100 a tonne, consultancy Planetrics forecasts. The best-performing 100 would rise by 28% on.ft.com/3aKxiOf
👉 What is the best way to arrive at a good estimate of a carbon price?
👉 How should governments go about implementing a price on carbon?
👉 What price would genuinely influence a change in behaviour?
Our Lex writers @VanessaHoulder1 and @confordpark have looked at the best practice for implementing carbon pricing, how it affects competitiveness, which sectors will shoulder heavier cost burdens — and whether these costs will be passed on to customers on.ft.com/3aKxiOf
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🚨Positive news alert: The number of Covid-19 vaccinations globally has surpassed the total number of confirmed cases.
According to our vaccine tracker, over 105m doses have been administered so far, while the number of confirmed cases is just over 103m ft.com/content/e29efb…
While vaccination rates are accelerating quickly, the rise in cases of Covid-19 are slowing, though that is due to measures other than vaccines, such as lockdowns and social distancing policies ft.com/content/e29efb…
Israel is the only country where vaccines are already reducing transmission because inoculation has been rolled out more extensively and rapidly than anywhere else in the world ft.com/content/e29efb…
Free to read: A year ago the UK had plenty of scientific expertise in vaccines but very little industrial capacity to make them. Since then, the coronavirus pandemic has changed the industry on.ft.com/3tg68XE
The UK has become a global leader in buying and distributing vaccines, which provide the best exit strategy from a deadly pandemic that has killed more than 100,000 people in the country on.ft.com/3tg68XE
The UK has so far secured access to 367m doses from seven suppliers. The National Audit Office expects the government to invest £11.7bn to develop, purchase, manufacture and deploy Covid-19 vaccines on.ft.com/3tg68XE
Free-to-read: Back in November, @timhayward was diagnosed with Covid-19 and in a matter of hours after arriving at the hospital, he was put on a ventilator. What follows is his account of 30 days in hospital, 10 of those unconscious in the ICU ft.com/content/2b0dbb…
At the time, the UK government identified three symptoms of Covid-19: a persistent cough, loss of smell or taste, or a raised temperature.
'I had none of these, just the sort of chesty flu that hits me every autumn' ft.com/content/2b0dbb…
Very quickly, Tim started feeling unusually short of breath and decided to call for an ambulance.
‘I felt “out of it” and had an overpowering feeling that life would be a lot better if I could just take one decent full breath’ ft.com/content/2b0dbb…
We may be approaching another big market bubble and experts are blaming pandemic-bored amateur investors. Some of them are being accused of having the impression that risk in markets 'has simply vanished' ft.com/content/a790c7…
The rally since 2009 has been described as an 'epic bubble' characterised by 'extreme overvaluation'.
Bitcoin, the most speculative bet of them all, has raced to new extremes. Popular stocks like Tesla continue to defy efforts at sober valuation ft.com/content/a790c7…
In the US, Americans are turning to stocks as 'casinos are closed [and] a lot of sports are shut down'. Much of their investment is focused on 'hyper growth' stocks such as electric vehicle makers, noted David Older, head of equities at Carmignac ft.com/content/a790c7…
When Joe Biden is sworn in as president on January 20, he will be forced to tackle an issue that may define his presidency as much as the health and livelihoods of the American people: the fate of his predecessor, Donald Trump on.ft.com/3r7ysL5
It’s no secret that Trump has tested and twisted the US political system to breaking point, serving as a one-man crash course on the US constitution and legal and ethical norms.
A big question remains: should Washington prosecute a former president? on.ft.com/3qXkon7
While in office, Trump has been protected by the Department of Justice numerous times. For instance, the DoJ helped the president stall a state criminal investigation into possible tax fraud on.ft.com/3qXkon7
It has been five years since the signing of the Paris climate accord, when 189 countries agreed to limit global warming to hopefully 1.5C. Squabbling nations have since struggled to agree on the rules. Now, that goal might be in reach. Here’s why 👇 ft.com/content/d6e23e…
During the past few months, China, Japan and South Korea have announced targets of net zero emissions by the middle of the century. President-elect Joe Biden has said he wants the US to reach zero carbon electricity by 2035 and net zero emissions by 2050 ft.com/content/d6e23e…
Global emissions have also dropped 6.7% during the coronavirus pandemic this year, the biggest absolute decline recorded outside of wartime ft.com/content/d6e23e…