Addressing climate change requires strong measures to decarbonise the supply of energy. However, there are concerns that decarbonising energy supply simply drives up the cost of energy – and that this can have a chilling effect on high energy using sectors, such as manufacturing and industry. In this situation, it is sometimes suggested, carbon reductions are achieved, but only because industry packs up and moves its operations to other countries with lower energy costs, to continue to produce its emissions there. (more…)
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