Published April 24, 2013
by Dr. Tyra Oldham
The impact of climate legislation is a global predicament that is under realized to date as some suggest over dramatizing the facts. The answer lies either in the middle or heavily skewed beyond the set targets. Some of the failing rest in energy analytics and the Big Data quest to understand the vast amounts of unstructured data that may provide an answer to the political and industry question on climate.
The look in to UK’s climate deployment from “UK Energy Secretary warns of ‘climate legislation patchwork’ Power Engineering” Ed Davey “warned that a complex patchwork of climate legislation” could be created in Europe if there are further delays to emissions trading back-loading. The impact of the surplus has been to push down the value of the carbon price and therefore undermine low-carbon investments.”
“Davey said today: The current low carbon price, caused by the large over-supply of allowances in the market, risks damaging growth and investment in green technologies. Removing some of these allowances over the next few years would help to restore confidence in the market, before longer-term reforms to strengthen the system can be brought in.”
“He warned that any delay “could lead to greater costs in the long-term in meeting the EU’s 2050 objectives and would undermine the move to a low-carbon economy”.”
In business models delay can postpone the eventuality of information. The cost of doing business on a delayed reaction not only can produce allowances but mediate the political climate to trigger economic bubbles that lead to bursts and further economic shocks. The acceptance of climate is time will tell outcome but the cost of probability meeting fact is the late stage response to an earlier action mitigating a what could be future.