Scanning the newswires this morning and here’s an interesting analysis piece out of reuters, London.

Essentially it examines whether or not a carbon price through an emissions scheme is actually going to achieve the required changes in carbon use quickly enough.

Here’s some excerpts:

“Governments are relying way too much on the price of carbon to deliver everything,” said Jim Watson of Sussex University’s Energy Group.

“It is a prerequisite but not a panacea. It has to go hand in hand with regulations and technological developments, and they are sadly lacking,” he said. “If you rely too much on the carbon price you give people the option of buying their way out of it. It is a very poor weapon in what is supposed to be a war to save humanity. “The oil price shocks of the 1970s didn’t wean us off oil, so why should we believe that a high carbon price will wean us off carbon,” he added.

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