Wednesday, February 6, 2008

Economic Redistribution Ahead

[aka: Environomics ]

The ongoing concern that climate change initiatives mask a concerted attempt to initiate global economic redistribution was bolstered by the Bali Conference. The U.S. Senate Committee on Environment and Public Works quoted Emma Brindal, a “climate justice campaigner” for Friends of the Earth, as stating that “A climate change response must have at its heart a redistribution of wealth and resources.”

Groups such as the Organization for Economic Co-operation and Development (OECD) view such technology-promoting initiatives quite differently. OECD Secretary-General Angel Gurría told the United Nations Bali Climate Conference this December that while “cutting emissions and fostering low-carbon activities will require investments in research and development of new technologies,” the best solution to combat global warming is to raise taxes.

The OECD also lobbies for a “harmonized global carbon tax” which the organization argues would decrease the gross domestic product (GDP) of Brazil, Russia, India and China 1.4% of GDP in 2030 and 5.5% in 2050. Gurría asserts that the best solution is for industrialized nations to engage in a “fair” burden-sharing environmental policies.

The suggested global carbon tax would be instituted on an ever-increasing scale, from .5 U.S. cents per liter [multiply by 3.8 for gallons] of gasoline in 2010 to 1.5 cents in 2020 increasing to 12 cents in 2030 and, finally, 37 cents [$1.40 per gallon] in 2050.

[anyone really think this is about the planet?]

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