The World Bank will suggest a global levy on jet and shipping fuel in recommendations to G20 governments later this year on raising climate finance, a senior official said on Sunday.
Developed countries have already written off chances of agreement on a new binding deal at a U.N. conference in Durban this year, placing a new focus on piecemeal efforts including fund-raising.
Binding targets under the Kyoto Protocol cap the greenhouse gas emissions of nearly 40 industrialised countries but expire in 2012 and now look unlikely to be extended in time.
The World Bank is focusing on a levy on shipping and jet fuels in a report to G20 finance minister in October, among other efforts to keep climate action on track.
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Developed countries have already written off chances of agreement on a new binding deal at a U.N. conference in Durban this year, placing a new focus on piecemeal efforts including fund-raising.
Binding targets under the Kyoto Protocol cap the greenhouse gas emissions of nearly 40 industrialised countries but expire in 2012 and now look unlikely to be extended in time.
The World Bank is focusing on a levy on shipping and jet fuels in a report to G20 finance minister in October, among other efforts to keep climate action on track.
More Here..
yeah and the talk of a worldwide tax going directly to the UN. whelp if this don't cause a drop in flyers, coupled with tsa, coupled with just plain higher oil, driven by qe devaluing..nothing will. I suppose they can merger..cut costs and make money that way. it's the way of the future, the big get bigger and the small get eaten. means less choice though, more stuck with higher prices and less offerings whether like it or not, less jobs too...synergy they call it, makes a company profitable, and profits are the all-in-all. will the new tax affect food? you betcha..will that cause food riots in area's of the world? yep.
ReplyDeleteIsn't it interesting that the ONLY answer to this "problem" is money? YOUR money. Are you beginning to understand why this scam is being supported by a diverse group of politicians and activist groups.
ReplyDeleteIn the not-too-distant future, it might be a very good idea to be near the people/family that you want and need to be near.
ReplyDeletePerhaps this will spark the return of close-knit family circles.