Word: carbonations
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...hard to imagine a new tax getting a bigger cheer from a political leader than the one unveiled by Nicolas Sarkozy Sept. 10. The French President's radical plan to impose a carbon tax on homes and businesses, he said on a factory visit in eastern France, addresses the "question of survival of the human race." Slated for introduction next year, the levy marked the "first step," Sarkozy said, in "a fiscal revolution...
...Sweden, Denmark and Finland all imposed similar levies as early as the 1990s, but France - should its lawmakers approve the plan - will become the biggest country yet to try taxes to slow global warming. Initially set at $25 per ton of emitted carbon dioxide (CO2), the tax on the use of oil, natural gas and coal would nudge up the cost of a liter of petrol by $0.06 ($0.23 a gallon), Sarkozy said, and diesel by a little more, helping generate roughly $4.4 billion in annual revenues. A pledge to return that money to taxpayers through various new rebates...
...moral obligation of developed countries to accept binding emissions cuts. Further, the argument goes, since developed countries are historically responsible for the state of the planet, they should pay up by helping developing countries with money and technology to leapfrog to green technology without following the familiar high-carbon path to growth. Only with outside funding will India be able to effectively shift to renewable sources of energy, which, being costlier, will have to be subsidized for widespread use by people like Kumar and the over 400 million Indians still without access to electricity...
...Change Secretary Ed Miliband. "I think India wants to be a dealmaker - not a deal breaker - in Copenhagen," Miliband said during a visit to New Delhi on Sept. 2. Both the nonprofit sector and industry have also been organizing seminars and workshops with aims ranging from enhancing the Indian carbon market to supporting India's negotiating stance in three months. (See pictures of the elephants of India...
...That's one reason Walmart's plan to standardize a sustainability index is so important. If companies are really improving their carbon footprint - and, one hopes, the way they treat their workers - in order to improve their image and engender consumer loyalty, isn't that a net good thing? And if they are doing it exclusively to help their bottom line, so what? "I don't care whether companies change for the love of the environment or because of their financial interest," says Geoffrey Heal, a Columbia Business School professor and the author of When Principles Pay. "The most sustainable...