BONN, Germany, June 5 (Reuters) - The World Bank will suggest a global levy on jet and shipping fuel in recommendations to G20 governments later this year on raising climate finance, a senior official said on Sunday.It's a twofer! Money for world government to be, and a hit in the industrialized nations! So where do I get to vote against it? I don't? You mean it's not democratic?
Developed countries have already written off chances of agreement on a new binding deal at a U.N. conference in Durban this year, placing a new focus on piecemeal efforts including fund-raising.
Binding targets under the Kyoto Protocol cap the greenhouse gas emissions of nearly 40 industrialised countries but expire in 2012 and now look unlikely to be extended in time.
The World Bank is focusing on a levy on shipping and jet fuels in a report to G20 finance minister in October, among other efforts to keep climate action on track.
"We are looking at carbon emissions-based sources ... including bunker (shipping) fuels and aviation fuels, that would be internationally coordinated albeit nationally collected," said Andrew Steer, World Bank special envoy for climate change.
One day you wash up on the beach, wet and naked. Another day you wash back out. In between, the scenery changes constantly.
Monday, June 6, 2011
World Government Seeks Its Own Funding Source
How about at nice tax on jet and shipping fuel?
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