Reuters: EU commission chief asks G20 to join global carbon pricing

[OKIsItJustMe]

EU commission chief asks G20 to join global carbon pricing

Reuters
September 9, 2023 5:43 AM EDT

NEW DELHI, Sept 9 (Reuters) - The European Commission president asked G20 leaders on Saturday to join a proposal to set up global carbon pricing.

Many countries are using a price on carbon to help meet their climate goals in the form of a tax or under an emissions trading (ETS), or cap-and-trade, system.

According to a World Bank report, there are currently 73 carbon pricing instruments in operation, covering around 23% of global greenhouse gas emissions.

"Climate change is man-made. So it means we can address it. For this we need innovation, investments in green technologies, renewable energy capacity and energy efficiency ... At the G20 I invited leaders to join the call for global carbon pricing," Ursula von der Leyen wrote on X social media, formerly known as Twitter.

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[applegrove]

1. Study in Canada proved carbon pricing only increases inflation at

0.15 a year. That is not much.

[BlueIn_W_Pa]

3. cap-and-trade

is simply Wall Street making huge amounts of money with nothing to show...

[applegrove]

4. Too complex for me right now.

Last edited Sat Sep 9, 2023, 09:20 PM - Edit history (1)

[Think. Again.]

2. Do it, Joe.

[OKIsItJustMe]

5. Unless someone has amended the US Constitution

https://constitution.congress.gov/constitution/article-1/#article-1-section-8-clause-1

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

[Think. Again.]

6. Presidents propose tax plans all the time.

But anyway, a uniform global carbon pricing structure like this makes much more sense than a rats nest of varying and contradictory individual plans, which is what we have now.

And Biden would also benefit in the coming election by showing a strong position on taking aggressive global action to reduce CO2.

Do. It. Joe.

[OKIsItJustMe]

7. I don't know if he reads DU

https://www.whitehouse.gov/contact/

[Think. Again.]

8. Ha!...

....would be great if he did!

But I guess we'll have to be satisfied with discussing what do among ourselves, which is great in itself!