Links tagged “carbon taxes”

In an updated climate plan submitted to the UN this month, Cuba says it “intends to use cooperative approaches that involve the use of mitigation results of international transfer” under Article 6 of the Paris Agreement. ... This concept has long been controversial, particularly with left-wing governments allied to Cuba like Venezuela and Bolivia. They prefer “non-market measures”.

Some green campaigners argue carbon trading is a distraction from reducing emissions and could encourage countries to set low reduction targets in order to sell more credits.

"There’s an assumption out there that if you “accept” the science of climate change, you are obliged to support drastic measures to cut greenhouse gas (GHG) emissions. This is not true. The one does not follow from the other. Mainstream science and economics do not support much of the current climate policy agenda and certainly not the radical extremes demanded by activist groups."

'Not only does the logic show that carbon taxes in the West will invariably increase global CO2 emissions, but so does the empirical evidence...adopting carbon taxes in the West will actually raise global carbon emissions by offshoring economic activity from relatively environmentally-friendly places, like the USA and Germany, to places with lax environmental laws, like China. Open Markets & Offshoring, or How Carbon Taxes Raise Global CO2 Emissions. Wealth is like water: it flows to the lowest possible point, and continues to do so until the level is equal.  This is why consumers chase cheaper goods, why investors look for undervalued companies, and why multinationals offshore to cheaper markets.  This last point—offshoring—is why Western carbon taxes will actually increase global emissions.'