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The Carbon Movement

6.6.17 | Changing Policy, Energy Costs

Carbon tax and a cap-and-trade system are two incentives that could create a shift in businesses, households and industry to increase demand for green solutions. These practices aren’t new to our society. The United Kingdom, as well as Sweden and parts of Canada, have adopted carbon taxation and saw a reduction in CO2 emissions. More about carbon tax and the cap-and-trade system can be found here. In the article, Carbon taxation 101: Is using the price signal a good way to help with global warming? Or will pigs fly first?, LinkedIn Influencer, Scott Nyquist, discusses the history, pros, cons, and prospects of carbon taxation and cap-and-trade in the United States as a remedy to reducing emissions from electricity generation. While investigating the likelihood of a carbon tax being adapted by todays American society, Nyquist points out the growing acceptance for the carbon tax ideology and the potential for states to take the initiative, including the PJM Interconnection. Read more about it here.

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Energy Forecast: Oil prices expected to rise in the future

6.6.17 | Changing Policy, Energy Pricing

The U.S. Energy Information Administration predicts a rise in oil prices in the future. Predictions from the EIA for 2018 can be found here. The Worldwatch Institute validated these claims globally, stating that despite higher oil prices, the demand for oil is expected to rise beyond the amount that can be supplied, creating more room for renewable energy to grow. More information can be found here. In the article, Oil Prices: What to Make of the Volatility, Clifford Krauss discusses projections for oil prices in the future, who is benefitting and losing from the rise in prices, and the impact on prices from the OPEC and Trump Administration. Krauss’ article can be found here.

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Throughout our partnership, SHG has been creative and forthright; combining technical prowess, operational focus and energy finance to serve the Hospital well.

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Governor Juan F. Luis Hospital and Medical Center, St. Croix, USVI  |  Peter Abrahams