Posted - June 19, 2012 06:36 PM - By Min Zhu - istockanalyst.
.......First, they can play a key role in raising badly needed revenues.
In the United States, for example, a carbon tax of about $25 per ton of
CO2—which would add 22 cents to a gallon of gasoline—could bring in
about 1 percent of GDP, or over $1 trillion over a decade. And, as
discussed in an IMF-World Bank report
for the G-20 last year, charges on international aviation and maritime
emissions could meet about a quarter of the commitment developed
countries have made to mobilize $100 billion a year for climate finance
by 2020.......
The complete post is found at:
http://www.istockanalyst.com/finance/story/5906071/paying-the-price-for-the-future-we-want
Wednesday, June 20, 2012
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