Carbon tax could lead to economic growth

[CookieMonster]

[FONT=Times New Roman][FONT=Times New Roman][SIZE=3][COLOR=navy]Mobilising Market-based Instruments for Climate Change in Ireland[/COLOR][/SIZE][/FONT][/FONT]
[SIZE=4][COLOR=#bb6c03]
[FONT=Times New Roman][FONT=Times New Roman][SIZE=3][COLOR=navy]Lisa Ryan, Frank Convery & Noel Casserly (Comhar- Sustainable Development Council)[/COLOR][/SIZE][/FONT]

[FONT=Times New Roman][SIZE=3][COLOR=navy]CARBON TAX COULD LEAD TO ECONOMIC GROWTH[/COLOR][/SIZE][/FONT]

[FONT=Times New Roman][SIZE=3][COLOR=black]A carbon levy should be introduced immediately across all economic sectors not currently included in the European Union's Emissions Trading Scheme (EU ETS). That's according to a new paper looking at the use of market-based instruments to reduce Irish greenhouse gas emissions.[/COLOR][/SIZE][/FONT]
[FONT=Times New Roman][SIZE=3][COLOR=black]The paper, 'Mobilising Market-based Instruments for Climate Change in Ireland', was written by Lisa Ryan, Frank Convery and Noel Casserly, and presented at today's ESRI Budget Perspectives conference.[/COLOR][/SIZE][/FONT]
[FONT=Times New Roman][SIZE=3][COLOR=black]According to the authors, Ireland faces a carbon-constrained world where doing nothing is not an option. The European Union Emissions Trading Scheme (EU ETS) has already created a carbon market for the power and heavy industry sectors, which face a price signal per tonne of CO2 emissions (known as allowances). The Commission is now proposing ambitious emissions reductions for the non-trading sector (agriculture, transport, waste, heat and process-related emissions from residential, commerce and industry currently not in the trading scheme) to be achieved by 2020.[/COLOR][/SIZE][/FONT]
[FONT=Times New Roman][SIZE=3][COLOR=black]A new carbon tax should be levied at the level of the ETS' market price on the Irish transport, residential and small industry/services sectors, the paper's authors believe.[/COLOR][/SIZE][/FONT]
[FONT=Times New Roman][SIZE=3][COLOR=black]Research shows that targeted use of revenues raised from carbon tax could spur growth in GNP, increase employment and increase investment in energy-efficient technologies. This is achievable as 40 per cent of the revenues raised from the tax could lead to a reduction in other taxes, a further 30 per cent could address fuel poverty, and the remaining 30 per cent could be used to further support reductions in greenhouse gas emissions.[/COLOR][/SIZE][/FONT]
[FONT=Times New Roman][SIZE=3][COLOR=black]Time is not on our side, so action in Budget 2009 is important, say the authors. [/COLOR][/SIZE][/FONT]

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[seabhac siulach]

So, is a self styled capitalist neo-liberal advocating tax increases, then? Or are you just the messenger of this, surely disturbing to you, non-neo-liberal message? Truly, the credit crunch is throwing up some surprises...imagine that, an innovative use of taxes could be economically and socially beneficial. Shocker! And there was me thinking that the only way to prosperity was to continuously cut taxes (to negative levels eventually?) and let the market sort us all out (which they are certainly doing at the moment...).

[CookieMonster]

Something interesting came across my desk and I posed it up. You can keep your bellicose tone to youself.

[seabhac siulach]

Ah, sorry, should have been more sensitive...after all, your whole world view is collapsing around you these days. Apologies...

Edit: my, my...I see I now have -6 reputation points in EVERY post I ever made on this site. And all of these negative points came after the above posts...which is interesting. Is this a form of censorship on the site? As Merkel would say, not amused...

[collinsite81]

May 1990, West Magazine Canada publishes an article from journalist Daniel Wood on his Maurice Strong interviews. Elitist Maurice Strong was co-chairman of the World Economic Forum, Secretary-General of the UN Environment Program, president of the World Federation of United Nations and held many other high positions. The article describes Maurice Strong boasting about a novel idea, “each year, he explains as background to the telling of the novel’s plot[…] he then says: ‘What if a small group of these world leaders were to conclude that the principal risk to the earth comes from the actions of the rich countries[…] They won’t change. So, in order to save the planet, the group decides: Isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsibility to bring that about? This group of world leaders, bring about an economic collapse. These aren’t terrorists. They’re world leaders. They have positioned themselves in the world’s commodity and stock markets. They’ve engineered, using their access to stock exchanges and computers and gold supplies, a panic.’ I sit there spellbound. This is not any storyteller talking, this is Maurice Strong. He knows these world leaders. He is, in fact, co-chairman of the Council of the World Economic Forum. He sits at the fulcrum of power. He is in a position to do it. ‘I probably shouldn’t be saying things like this,’ he says.”

[odie1kanobe]

This one comes from the
"Lets add in another tax on business and claim it will aid economic growth book"

Funny its business that provides the economic growth and Govts with tax increase that styme it.

[CookieMonster]

Right, well that's the last time I bother to make any sort of real contribution to the site...

[Destiny's Soldier]

[FONT=Times New Roman][FONT=Times New Roman][SIZE=3][COLOR=navy]Mobilising Market-based Instruments for Climate Change in Ireland[/COLOR][/SIZE][/FONT][/FONT]
[SIZE=4][COLOR=#bb6c03]
[FONT=Times New Roman][FONT=Times New Roman][SIZE=3][COLOR=navy]Lisa Ryan, Frank Convery & Noel Casserly (Comhar- Sustainable Development Council)[/COLOR][/SIZE][/FONT]

[FONT=Times New Roman][SIZE=3][COLOR=navy]CARBON TAX COULD LEAD TO ECONOMIC GROWTH[/COLOR][/SIZE][/FONT]

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Would you be so kind as to provide a link to the full text?

Thanking you in advance,

Destiny's Soldier

[EoinMn]

With regard to Ireland's commitments to the Kyoto Protocol, not to mention the desire to combat climate change, it seems logical that a price must be placed on carbon emissions.
This is compatible with the "polluter pays" principle.

Obviously, the money can be used to pay Ireland's Kyoto fines and to invest in renewable technology, "green-collar jobs", insulation, etc.

I'd like to see a carbon tax introduced in tandem with a reduction in VAT or Income Tax but I can't see that happening in this budget.

[CookieMonster]

Would you be so kind as to provide a link to the full text?

Thanking you in advance,

Destiny's Soldier

It's contained in this document [SIZE=1]Warning, PDF file.[/SIZE]