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Thursday
Aug122010

UN Economists Propose Fast-track Green Taxes for $100bn Climate Fund

DateThursday, August 12, 2010 at 10:46AM

So how do you feel about being taxed 'indirectly' by the UN to the tune of $100bn a year - $1 trillion a decade - so it can dish your money out as it - an unelected, unaccountable bureacracy - deems fit?

For the full story go here. Here's a taster:

The UN economists clearly see a new “indirect” green-tax regime as a way around the acrimonious international impasse and the tardy response in meeting national pledges. The taxes they suggest include new carbon levies, international air fare taxes, auctioning the right to pollute and cross-border financial deals, as well as taxes on government grants and loans, each potentially raising US$10 billion annually.

The call for a raft of green taxes, by a nongovernment bureaucracy, in recent years already excoriated for its lack of good financial accounting via the scandal of the 2003 oil-for-food program, also raises the prospect of a new global order, an order outside electorally accountable governance able to raise funds by proxy. But the growing dilemma for the UN’s climate-fund administrators and democratic government alike is, according to Dr. Peiser,  an even more basic PR one: “For most voters today, green means more expensive, a very negative perception that is only going to get worse”. As far as weary Western taxpayers are concerned, it seems that ‘saving the earth’ shouldn’t mean costing it.

AuthorPeter C Glover | Comment80 Comments | Print ArticlePrint Article | | |

Reader Comments (80)

Oh great, increasing taxes when it's already tough to pay! Awesome!

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