| Submit your comments on this article | |
| International-UN-NGOs | |
| UN panel: New taxes needed for a climate fund | |
| 2010-08-06 | |
| Carbon taxes, add-ons to international air fares and a levy on cross-border money movements are among ways being considered by a panel of the world's leading economists to raise a staggering $100 billion a year to fight climate change. British economist Nicholas Stern told international climate negotiators Thursday that government regulation and public money also will be needed to create incentives for private investment in industries that emit fewer greenhouse gases. In short, a new industrial revolution is needed to move the world away from fossil fuels to low carbon growth, he said. "It will be extremely exciting, dynamic and productive," said Stern, one of 18 experts in public finance on an advisory panel appointed by U.N. Secretary-General Ban Ki-moon. A climate summit held in Copenhagen in December was determined to mobilize $100 billion a year by 2020 to help poor countries adapt to climate change and reduce emissions of carbon dioxide trapping the sun's heat. But the 120 world leaders who met in the Danish capital offered no ideas on how to raise that sum -- $1 trillion every decade -- prompting Ban to appoint his high-level advisory group. The Copenhagen summit also resolved to mobilize a three-year emergency fund of $30 billion starting this year. It was unclear how much has been raised and disbursed so far. The advisory panel, which began working in March, will present its final report to Ban in October, a month before the next decisive climate conference convenes in Cancun, Mexico.
Potential revenue sources include auctioning the right to pollute, taxes on carbon production, an international travel tax, and a tax on international financial transactions, as well as government grants and loans. Each could produce tens of billions of dollars a year, Stern said. "No one single source will deliver $100 billion by itself. There is no silver bullet, no hole in one," he said. | |
| Posted by:Fred |
| #17 Global Warming is a farce. Junk science. It is based on deliberately skewed interpretations of scientific data, put forth by social activists with an agenda to control all human activity. |
| Posted by: Mike Hunt 2010-08-06 21:49 |
| #16 Once again, America = Amerika, the Mighty USSA = Weak USRoA SSR/SGR, CLEARLY THERE IS NO OWG-NWO HERE! |
| Posted by: JosephMendiola 2010-08-06 20:33 |
| #15 add-ons to international air fares I have an idea: how about wind-powered airplanes? It will analyze a range of options, Stern said, and governments must decide which to chose, how much to raise from each source, and how to distribute the money. "All we need is the $100 billion a year, you guys only need to raise it. Thanks, get back to us." There is no silver bullet, no hole in one Not quite yet, there isn't. How about a wooden stake? |
| Posted by: KBK 2010-08-06 20:20 |
| #14 Cancun? Nice work if you can get it. Have the delegates ever considered video conferencing or is sacrifice only for us little people? It's only for little people too stupid to know what's good for them. The democrats have said so, so that makes it right, right? If you're not part of the elite, your just a peasant to be rules after all. I think socialism is a direct take off from feudalism. |
| Posted by: miscellaneous 2010-08-06 16:03 |
| #13 "Piano wire (i) Too quick. (ii) You have to take care not to get blood on your clothes." Hell, just drop the damned piano on him and be done with it, grom. |
| Posted by: Barbara Skolaut 2010-08-06 15:58 |
| #12 Bailing wire |
| Posted by: CrazyFool 2010-08-06 15:17 |
| #11 Bungee cord then? |
| Posted by: gorb 2010-08-06 13:53 |
| #10 Piano wire (i) Too quick. (ii) You have to take care not to get blood on your clothes. |
| Posted by: g(r)omgoru 2010-08-06 13:44 |
| #9 That has been the dream of the U.N. (and progressives here) since it's founding. A One world government where the underdeveloped (by their own choosing) nations can rape and loot the developed nations. that is what all this Climate BS is all about. |
| Posted by: CrazyFool 2010-08-06 12:50 |
| #8 New taxes needed for a climate fund Seems to me it's the cornerstone for funding the New World Order government. Maybe this is what all the climate fuss is all about, and why it was/is still getting so much support. |
| Posted by: gorb 2010-08-06 12:35 |
| #7 Good luck with that plan, ya twits. |
| Posted by: mojo 2010-08-06 12:27 |
| #6 Christ, Banman makes Kofi look like a nickel and dime stickup man. |
| Posted by: tu3031 2010-08-06 12:13 |
| #5 How about new cuts needed at the UN? Deep cuts. Right across the throat. |
| Posted by: DarthVader 2010-08-06 11:37 |
| #4 "In a speech given in 2007 at the Australian National Press Club, Stern called for one per cent of gross global product to be employed in global warming-related environmental measures." from Stern's Wikipedia entry. As far as I can tell, this guy is the watermelon in the story. Never mind Cancun, if this guy is calling something "exciting, dynamic and productive," then there is about to be a power-grab. |
| Posted by: Free Radical 2010-08-06 11:27 |
| #3 'climate Change' always was about creating a tax base for the UN. Now that 'carbon' trading (which has nothing to do with carbon) is going down the gurgler, they are looking for other ways to tax. |
| Posted by: phil_b 2010-08-06 09:38 |
| #2 Piano wire, grom. |
| Posted by: gorb 2010-08-06 02:42 |
| #1 Hemp Rope, lamppost. Did I miss something? |
| Posted by: g(r)omgoru 2010-08-06 02:29 |