Duqm Economic Forum-Unveiling Oman’s Green Economic Revolution and Investment Potential
The First Duqm Economic Forum has concluded, leaving a remarkable impact on Oman’s economic vision. It highlighted the pivotal role of the Special Economic Zone at Duqm (SEZAD) in fostering renewable energy, green manufacturing, and global trade. Duqm is pioneering the nation’s journey toward a green economy by utilizing solar and wind-generated energy. The forum showcased Oman’s potential as a future renewable energy superpower, with a special focus on a green steel industry cluster. Young entrepreneurs also took center stage, reflecting the nation’s innovative spirit and ambition. This forum marks a significant step towards Oman’s sustainable and prosperous future.
Proposed U.S. carbon capture credit hike cheers industry, worries greens
A proposed tax credit hike for U.S. carbon capture and sequestration projects being mulled by Congress could trigger a big jump in use of the climate-fighting technology to clean up industry, but environmentalists worry the scheme will backfire by prolonging the life of dirty coal-fired power plants.
U.S. Steel, Norway’s Equinor eye clean hydrogen production
Norway’s Equinor (EQNR.OL) and U.S. Steel Corp (X.N) will examine the potential for developing clean hydrogen production in Ohio, Pennsylvania and West Virginia, the two companies said on Tuesday.
Analysis: When do electric vehicles become cleaner than gasoline cars?
You glide silently out of the Tesla (TSLA.O) showroom in your sleek new electric Model 3, satisfied you’re looking great and doing your bit for the planet.
EU countries approve landmark climate change law
European Union countries on Monday gave the final seal of approval to a law to make the bloc’s greenhouse gas emissions targets legally binding, as EU policymakers prepare a huge new package of policies to fight climate change.
EU drafts plan to toughen carbon market – report
The European Union is planning to toughen its carbon market to cut emissions faster and put a price on pollution in new sectors, Bloomberg News reported on Sunday.
Analysis: EU industry hands Brussels headache over carbon border levy
Brussels policymakers, about to unveil the world’s first carbon border levy, are caught between industry demands to twin it with free carbon permits worth billions of euros, and analysts’ warnings that doing so could expose the EU to legal challenges at the WTO.
The social cost of carbon and inequality
The social cost of carbon is a monetary metric for the damage caused by the emission of an additional tonne of CO2. Previous literature has shown that accounting for inequality between countries significantly influences the social cost of carbon, but mostly omits heterogeneity below the national level. Using a model that features heterogeneity both between and within countries, this column demonstrates that climate and distributional policy can generally not be separated. In particular, it shows that a higher social cost of carbon may be called for globally under realistic expectations of existing inequality.
