Carbon pricing revenue up 60%, says World Bank

[mentalfloss]

Capn Milk

 

[taxslave]

Carbon pricing scam is turning out to be even a better revenue generator than government lotteries. These have got to be the only two ways governments have ever conned (some)taxpayers into being happy to part with their money. Governments are worse than preachers when it comes to fleecing the flock.

 

[captain morgan]

Capn Milk

I miss Ralph

 

[mentalfloss]

Well you'll probably see him again soon.

 

[captain morgan]

We all are in that boat, mind you, with your molly habit, i expect that you'll be saving a seat for me

 

[darkbeaver]

That's good.

That's very good.


Carbon pricing revenue up 60%, says World Bank

Since the start of 2015, four new mechanisms to charge polluters for their carbon emissions have been launched, in Korea, Portugal, Canada’s British Columbia province and Australia. This makes a total of 40 countries and over 20 cities, states and regions that are taking notice of the growing role for emissions reduction as a source of revenue.

John Roome, senior director for climate change at the World Bank, pointed out that such schemes also bring benefits for people’s health and the environment, while directing investment towards a low-carbon future.

“Putting a price on carbon pollution is essential to help countries deliver on their promises for the Paris climate change agreement, as it’s an efficient and effective way to help cut emissions and send a clear signal to the private sector to invest in cleaner, greener growth.”

This year, China also announced plans to launch a national emissions trading scheme in early 2017. As the world’s largest emitter, responsible for almost 30% of global emissions last year, this could have a major impact on the world’s pollution, and the overall value of carbon pricing initiatives.

The bank estimates if implemented, China’s emissions scheme would double the worth of carbon pricing to $100bn.

After generating almost $1bn in revenue in 2014 from its carbon tax, Mexico has also revealed plans to put in place the framework to implement a national carbon market in 2018. Canada is also considering nation-wide carbon pricing.

Current pricing schemes cover 13% of global CO₂ emissions and are in place in countries accounting for a quarter of all greenhouse gas emissions, including seven of the ten largest economies.

The World Bank said the historic climate change summit in Paris last December, known as COP21, galvanised global support for carbon pricing.

COP21 saw more than 100 countries submit national plans for reducing emissions in hope of keeping global temperature rises within an agreed limit of “well below” 1.5°C.

More than 90 of these mentioned emissions trading systems, carbon taxes or other carbon pricing mechanisms in their national plans.

The International Monetary Fund has said such schemes should be “front and centre” in addressing climate change.

However in December, the OECD warned that its member states are “woefully lacking” in their efforts to put a price on carbon, with 90% of all emissions priced too low and 60% of those not priced at all.

The US, which is the world’s second largest emitter responsible for 16% of all emissions, has no carbon pricing scheme. Others, including Russia, are also resisting moves to carbon taxation.

Carbon pricing revenue up 60%, says World Bank | Public Finance

Carbon taxation will not survive the war.

The WB will not survive the war.

Even as we speak CO2 is regenerating forest cover, according to recent publicized satilitte surveys.

 

[petros]

Grain is carbon. How are you liking $4.50 loaves?

 

[darkbeaver]

I hope that;s organic prices, I don't want to spend that much for plastic bread.

 

[personal touch]

I see Canada would only benifit from being in a global carbon market exchange,this being said there is many corners and interests to examine in these laisons,I think Canada would be fools to miss out in the progressive modern world order of accoutability.
The spin offs are very beneficial to Canadians and the economy.
I like how they mentioned Russia and the USAin the same realm.

 

[petros]

I hope that;s organic prices, I don't want to spend that much for plastic bread.

No. Organic is considerably more.

$7+ for an artisan loaf.

Yay for flour power.

Carbon.

 

[personal touch]

No. Organic is considerably more.

$7+ for an artisan loaf.

Yay for flour power.

Carbon.

I recognized your pattern a long time ago,time to think of a new pattern of response,hello yesterday!

 

[PoliticalNick]

Good work from everyone involved but there's still more work to do.


Not enough done to encourage less fossil fuels: environment commissioner

You're an idiot!

 

[lone wolf]

Naw ... he's trying to out-spam, out-troll and out-as*hole anyone on the internet. You know ... needs a life to fill that pedigree

 

[mentalfloss]

You're an idiot!

You're upset!

 

[darkbeaver]

I see Canada would only benifit from being in a global carbon market exchange,this being said there is many corners and interests to examine in these laisons,I think Canada would be fools to miss out in the progressive modern world order of accoutability.
The spin offs are very beneficial to Canadians and the economy.
I like how they mentioned Russia and the USAin the same realm.

So are you saying this carbon idea and the other carbons ideas are a net benifit to mankind and the planet as a whole. I don't see that but I've been wrong lots of times.

 

[PoliticalNick]

You're upset!

You bet I'm upset. We have governments at all levels filled with people just as moronic as you who think we are all stupid enough to be fleeced of our hard earned money in order to repair a global climate upon which we have basically no influence at all.

 

[personal touch]

So are you saying this carbon idea and the other carbons ideas are a net benifit to mankind and the planet as a whole. I don't see that but I've been wrong lots of times.

Yes and yes,but there is so much more

Partnerships with other countries would be a spin off of buying into International Carbon commitments,this would be a real good thing for natural resource countries like Canada.
of course this is depending on the design being correct,within this correctness,one should be watchful of border countries response and their participation.If played correctly Carbon commitments will assist countries with long term spin offs of growth and opportunities,this also Including more opportunities and capacity for long term economic growth of the private industry.
Of course the USA are not making big moves,as is Russia,fancy that!

 

[MHz]

Green energy projects are failing and losing funding, that is the alternative to carbon based fues, without something green the carbon uses will increase no matter what. Have it come back in 20 years and it could be a different story.

You are over estimating the demand for our products. Iran is ramping up their exports and they are finding customers, are they new or did they ditch another country to get that new product that is cheaper and a better grade of oil for the intended uses.
If the US economy falters there goes 90% of our exports and should we continue to grow the same amount of wheat and canola or should we diversify to supply more goods to the 'local economy' which would be North and Central America first. Hopefully there will be no need to seek out other 'clients' as they already have cheap and stable supply lines.
The good news is that the carbon tax would replace the military budget, not any cheaper but kinder so some populations.