December 14, 2007

Global Carbon Tax Urged at UN Climate Conference

Like we didn't see this one coming:

A global tax on carbon dioxide emissions was urged to help save the Earth from catastrophic man-made global warming at the United Nations climate conference. A panel of UN participants on Thursday urged the adoption of a tax that would represent “a global burden sharing system, fair, with solidarity, and legally binding to all nations.”

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Schwank said at least “$10-$40 billion dollars per year” could be generated by the tax, and wealthy nations like the U.S. would bear the biggest burden based on the “polluters pay principle.”


Read more and expect to give up even more of your money soon.

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