Carbon taxes

The International Monetary Fund (IMF) has told the three remaining candidates to replace Boris Johnson as Tory leader and ultimately as Prime Minister in September that they should walk back promises of tax cuts as they should be focussing on spending more money on the green agenda. Globalists at the IMF have intervened in the UK political system to ensure that the Build Back Better green agenda continues no matter who comes into power after Boris Johnson leaves office. Britain’s mission chief for the globalist institution, Mark Flanagan, said that financing tax cuts with more debt “would be a mistake”. “I think debt-financed tax cuts at this point would be a mistake,” Flanagan told the BBC in comments reported by The Times . “The UK does have a below-average tax ratio relative to the rest of the Organisation for Economic Co-operation and Development. “At some point you have to decide, do we want to invest in the climate transition? Do we want to invest in digitalisation? … [Read more...] about IMF Tells PM Hopefuls to Not Cut Taxes, Make Green Investments Instead

First we got the bill. Now we have the numbers. surprise deal that Senator Joe Manchin and Senate Majority Leader Chuck Schumer struck last week, would significantly reduce greenhouse-gas pollution from the American economy. If passed, the bill would cut annual emissions by as much as 44 percent by the end of this decade, according to a new set of analyses from three independent research firms. That would make the Inflation Reduction Act, or IRA, the most significant climate bill ever passed by Congress. No law has ever made such a big dent in U.S. emissions, or cut them as rapidly: It would more than double the pace at which the American economy has been decarbonizing, the analyses say. “I was skeptical of it when we started doing the modeling,” Anand Gopal, the executive director of strategy at Energy Innovation, a nonpartisan policy group in San Francisco that prepared one of the studies, told me. “But now I’m convinced that this is a really meaningful action by the United … [Read more...] about The Climate Bill Would Change the Course of the 2020s

With carbon neutrality being the byword to a sustainable world, a host of countries — Norway, Sweden, the United Kingdom, France, Spain, Japan, Germany, Canada, Costa Rica, the United States, Brazil, India, and China among others — have set for themselves net-zero targets for the middle and later part of the century. At the forefront of the commitment to net-zero is the European Union, which wants to be the first carbon-neutral region in the world by 2050. It brought out the ‘European Union Green Deal’ in July last year to focus on a new growth strategy that aims to transform the EU society into a fair and wealthy one with a modern, resource-efficient and competitive economy. Also Read India-EU to hold next round of FTA talks at Brussels in September CBAM: carbon-pricing system To attain carbon neutrality, the EU has set forth immediate targets and has brought out the ‘Fit-for-55’ package, a communication of its 2030 climate targets. A provision in the policy … [Read more...] about India-EU: Global dynamics

This originally appeared on Quora . Answered by Richard Muller . Any solution must address the fact that the origin of future global warming is expected to come from emissions from the developing world. The developing world is poor, so any solution but be subsidized, profitable, or something that benefits the country in some other way. There are three key methods that address all of these: Energy conservation and energy efficiency. This is generally more profitable than creation of new useful energy. Switch from coal to natural gas. This is particularly important in China. Natural gas has low air pollution, and China needs that benefit. The claim that fugitive methane is a serious problem is exaggerated. Nuclear power. It is safe, the waste problem has been solved, and it produces virtually no CO2. I am not optimistic about the key solution touted by others: carbon tax. The reason is that the goal of carbon tax is to encourage the user to use a cleaner but more … [Read more...] about What are ways to solve climate change? | Opinion

Calls for a windfall tax on energy firms grew tonight after BP revealed it raked in obscene profits of £880 a second. The oil giant made £6.9billion in the three months to June – three times as much as last year. But as millions struggle with the cost of living crisis BP’s petrol pumps were found to the UK’s dearest. The cash bonanza comes after rival Shell and British Gas owner Centrica announced combined profits of nearly £11billion last week, as energy costs soar due to the Ukraine war. And it brought the quarterly profit tally for the top Western energy firms to £48billion. BP CEO Bernard Looney ( Image: Bloomberg via Getty Images) At the same time, more evidence emerged of the devastating impact of soaring prices on households. A Nationwide Building Society study found more than a third of people are spending less on food to keep their car on the road. Unite general secretary Sharon Graham branded the oil windfalls an “epidemic of unfettered … [Read more...] about BP rakes in £880 a SECOND as fatcats’ bonanza leaves Brits unable to pay for food

A green agenda-loving candidate to become Britain’s next Prime Minister is under fire from her fellow climate hardliners for flying to leadership debates via helicopter. Liz Truss, one of the Tory Party’s two green agenda-losing candidates for the position of party leader and — by extension — next Prime Minister of the UK, has found herself in hot water with fellow climate crazies over the fact she flew to a number of campaign events via helicopter. A forme r leftist Liberal Democrat member who is now affiliated with the World Economic Forum, Truss has committed to keep pushing the so-called “Conservative Party’s” green agenda policies, including driving the UK towards net zero carbon by 2050. However, Truss commitment to the climate crazy cause only seems to go so as far as other people having to conform to it, with the British newspaper i reporting that she took at least two helicopter rides to campaign events, both of which were reportedly reachable by train from … [Read more...] about Green Agenda Loving PM Candidate Flew to Debates Via Helicopter

Pennsylvanians are, for the moment, protected from high costs of a "Green New Deal" initiative being pushed by Governor Tom Wolf via executive order. Earlier this month, the Pennsylvania Commonwealth Court issued an injunction against further implementation of the Regional Greenhouse Gas Initiative (RGGI). RGGI would cause Pennsylvania to join other mid-Atlantic and New England states to "to cap and reduce power sector CO2 emissions." These states strictly limit carbon emissions from electricity producers by forcing them to pay for "credits." This is a tax in everything but name. By Pennsylvania state law, only the legislature—not the governor—can pass taxes. Joining the initiative via executive order is flatly unconstitutional in our state. The governor is no stranger to executive overreach. Last year voters agreed to amend the state constitution to rein in Wolf's emergency powers related to COVID. Here he goes again. But Wolf is a lame duck, and RGGI's ultimate fate may not be … [Read more...] about Pennsylvania Avoids a Disastrous Green New Deal Policy—For Now | Opinion

By ALAN FRAM WASHINGTON (AP) — Democrats drove their election-year economic package toward Senate approval early Sunday, debating a measure with less ambition than President Joe Biden’s original domestic vision but that touches deep-rooted party dreams of slowing global warming, moderating pharmaceutical costs and taxing immense corporations. Debate began Saturday and by early Sunday morning, Democrats had swatted down over a dozen Republican amendments designed to torpedo the legislation or create campaign ads attacking Democratic senators. Despite unanimous GOP opposition, Democratic unity in the 50-50 chamber — buttressed by Vice President Kamala Harris’ tiebreaking vote — suggested the party was on track for a morale-boosting victory three months from elections when congressional control is at stake. “I think it’s gonna pass,” Biden told reporters as he left the White House early Sunday to go to Rehoboth Beach, Delaware, ending his COVID-19 isolation. The House seemed on … [Read more...] about Dems push Biden climate, health priorities toward Senate OK

The US Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change, lower drug prices and raise some corporate taxes, a major victory for President Joe Biden that Democrats hope will aid their chances of keeping control of Congress in this year’s elections. After a marathon, 27-hour weekend session of debate and Republican efforts to derail the package, the Senate approved the legislation known as the Inflation Reduction Act by a 51-50 party line vote Vice President Kamala Harris cast the tie-breaking ballot. The action sends the measure to the House of Representatives for a vote, likely Friday when representatives plan to reconvene briefly during a summer recess. They are expected to pass it, which would then send the bill to the White House for Biden’s signature. In a statement, Biden said he looked forward to signing the bill into law. “The Senate is making history,” an elated Senate Majority Leader Chuck Schumer said, after pumping his fists in the … [Read more...] about Dems, Biden Midterms Boost as Senate Passes Bill to Fight Climate Change, Lower Drug Prices

___ Axios Media is sold to Cox Enterprises NEW YORK (AP) — Axios Media is being acquired by Cox Enterprises, which says it plans to push the online news provider into new markets while broadening its coverage. Axios, citing sources, reported Monday that the deal is worth $525 million. Cox, a conglomerate whose other media companies include The Atlanta Journal-Constitution and Dayton Daily News, first became an investor in Axios last year. Axios co-founders and former Politico journalists Jim VandeHei, Mike Allen and Roy Schwartz will continue to hold substantial stakes in the company and will lead editorial and day-to-day business decisions. ___ Wall Street end flat as investors await inflation updates NEW YORK (AP) — Stocks closed flat on Wall Street as investors prepare for a busy week of updates on inflation. The S&P 500 gave up early gains and closed down 0.1% Monday, while the Dow Jones Industrial Average edged higher and the Nasdaq fell slightly. Small-company … [Read more...] about Business Highlights: Axios sold, Pfizer buying spree