QUOTE OF THE WEEK
(Hoosier Ag Today) Cary Sifferath, Senior Director of Global Programs with the U.S. Feed Grains Council, reminds us that U.S. ethanol is the cheapest source of octane in the world and that the U.S. even sells ethanol to Saudi Arabia that they use to blend with low octane gasoline. READ MORE
Put Price on Carbon, Stop Bad Bets on Fossil Fuels – UN’s Guterres
by Alister Doyle (Reuters) Nearly 200 nations attending climate talks in Germany; Guterres calls for more carbon pricing, markets; Says climate action will help, not hinder, economic growth — Governments should put a price on carbon emissions to help combat global warming and stop making bad bets on fossil fuels, U.N. Secretary-General Antonio Guterres said on Wednesday (November 15, 2017) at talks on a climate pact weakened by a U.S. pullout.
Guterres told almost 200 nations in Bonn, where they are working on details of the 2015 Paris climate agreement that aims to end the fossil fuel era this century, that a shift to cleaner energies would boost rather than hamper economic growth.
Guterres urged governments to put a price on carbon to deter emissions and encouraged carbon trading as a way to restrict emissions. Last year, he said carbon pricing initiatives generated $22 billion.
Only 13 percent of global carbon dioxide emissions, mainly from burning fossil fuels, are subject to a price penalty, a global health study said last month in the Lancet medical journal.
It said the average global price was $8 a tonne, too low to drive changes that will both combat warming and restrict air pollution. Many energy companies and economists say a price of $40 or so would be needed to shift investments.
“For years, many insisted that lowering emissions would stifle growth, and that high emissions were the unavoidable cost of progress,” he said. “Today that dogma is dead.” READ MORE