Wednesday, July 12, 2006

A global carbon tax?

Nobel Prize-winning economist Joseph Stiglitz has an article out today in which he:
  1. suggests that the US is in breach of its World Trade Organisation (WTO) obligations by unfairly subsidising energy; and
  2. proposes a global carbon tax as an alternative to the global emissions trading system in the Kyoto Protocol.
The article is summarised neatly in the Ecological Economics blog and by Harry Clarke and the WTO part of the argument is discussed (by me) in the ozelaw Australian environmental law blog, but the article itself is only 4 pages long so it’s worth reading in full.

The global carbon tax idea is not new but it’s nice to see its exposition by an economist with Stiglitz’s profile.

2 comments:

Kit Stolz said...

Great catch! Thanks.

Cheap Viagra Online said...

I wonder why this price is going high we can tell that is because the opinion this guy have but also could something else, specially in economy the corruption is in a higher level.