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UN panel urges higher taxes on emissions, transport to fight climate change

Canada
The Montreal Gazette
06/11/2010
Tim Witcher

A top UN panel yesterday called for increased taxes on carbon emissions and air and sea transport to raise $100-billion a year for poor nations to combat climate change.

The group, led by the prime ministers of Norway and Ethiopia, also proposed a tax on international financial transactions for a UN fund aiming to be ready by 2020.

The panel -which also included finance ministers and financier George Soros -was set up at last year's acrimonious Copenhagen climate summit and its proposals will get a first international airing at the UN climate conference in Cancun, Mexico starting at the end of the month. UN Secretary General Ban Ki-moon called the proposals "financially feasible and politically viable." Environment pressure groups said governments are duty-bound to follow the proposals.

Prime Minister Jens Stoltenberg of Norway and Prime Minister Meles Zenawi of Ethiopia said carbon emission taxes must be used as a deterrent to producing the gases blamed for global warming and to raise revenue.

They proposed that carbon dioxide emissions should cost between $20 and $25 a tonne. This, along with auctions of carbon emission allowances and new carbon taxes, could raise up to $30-billion a year, they said.

The bulk of carbon emissions currently cost between $10 and $20, according to experts.

The group is also looking to raise $10-billion a year from taxes on international transport; $10-billion by switching subsidies from fossil fuels, $10-billion from private capital flows linked to carbon trading and tens of billions of dollars from international financial institutions.

Stoltenberg said the International Maritime Organization was already working on a system to tax the carbon emissions of shipping. And he highlighted a system to be introduced by European nations in 2013 which will tax carbon emissions for air travel within Europe.

Jet fuel or passenger tickets could also be taxed to raise money for the fund, they said.

El contenido de las noticias que se presentan en esta sección es responsabilidad directa de las agencias emisoras de noticias y no necesariamente reflejan la posición del Gobierno de México en este u otros temas relacionados.

    

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