BP Australia says pricing carbon one of the optimum methods of reducing emissions

BP Australia says pricing carbon one of the optimum methods of reducing emissions

Claire Fitzpatrick said a carbon price of $US100 a tonne of CO2 was a scenario used in the company’s recent annual energy outlook publication.

“We used it in our economic outlook to 2035 in terms of a changing fuel mix and the transition to a lower carbon future,” she said.

“We do put in a carbon price in investment decisions. They may not be in place now, but we assume there will be one so we put that into our economic modelling.

“We think that the world needs to drive changes and we believe one of the ways that may be easiest to do it, and I don’t use that term lightly, is to price carbon.”

However, Ms Fitzpatrick would not be drawn on what carbon price BP applied to existing or soon to come on stream projects. Read More…

Credit By : abc.net.au

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