Any policy that limits supply of fossil fuels must raise their price. The economic logic binding price to scarcity holds true, regardless of the cause of scarcity. When OPEC wants to increase the price of oil, it cuts production. If, as part of the international climate agreement that emerges from the Copenhagen conference in December, national policymakers place a cap on carbon emissions from burning fossil fuels, this too will increase the price.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/feature-article/climate-politics-follow-money
[2] http://admin.indiaenvironmentportal.org.in/category/author/james-k-boyce
[3] http://admin.indiaenvironmentportal.org.in/category/journal/biores-review
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fossil-fuels
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/cap-and-trade
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/emissions-trading
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-mitigation
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/renewable-energy
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-economics
