State-owned energy companies are among the world’s most polluting – putting a price on carbon could help
Existing measures to cajole companies to decarbonise, with subsidies for renewable energy and carbon taxes, have failed to prevent global emissions rising. Does state ownership, particularly in the energy sector, make this process easier? State-owned energy firms that search for, produce and refine fossil fuels are among the most polluting organisations in the world. But because governments have a big say in how they operate, it might be considered easier for their emissions to be rapidly phased out by treating them as extensions of the government, without needing to rely on the incentives, fines or sanctions usually necessary to make...... Read Full article on HadNews