Taxation of greenhouse gases: why Kyoto will not be implemented
The Kyoto commitment by the OECD countries, involves a 28% reduction of CO<SUB align="right"><SMALL>2</SMALL></SUB> emissions by 2010 from what they would otherwise have been. Recent analyses by the IEA point to the herculean task that is required. A combination of commandeered early retirement of one-half of all coal power plants and a coal tax that increases fossil fuel prices to far above the level experienced during the worst OPEC excesses, is needed to live up to that commitment. Implementation of these measures is likely to prove far more expensive than the damage cost of climate change, as assessed by the IPCC. The commitment will not be implemented, once the politicians and the public realise the size of the burden that is involved.
Year of publication: |
1999
|
---|---|
Authors: | Radetzki, Marian |
Published in: |
International Journal of Global Energy Issues. - Inderscience Enterprises Ltd, ISSN 0954-7118. - Vol. 12.1999, 7/8, p. 372-376
|
Publisher: |
Inderscience Enterprises Ltd |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
State ownership and the price sensitivity of supply : The case of the copper mining industry
Markowski, Aleksander, (1987)
-
Peak Oil and other threatening peaks--Chimeras without substance
Radetzki, Marian, (2010)
-
Investor demand and spot commodity prices
Tilton, John E., (2011)
- More ...