Borge Brende is the President of the World Economic Forum and the former Foreign, Trade and Environment Minister of Norway.
Posted on 09/25/2018 7:19:44 AM PDT by Oldeconomybuyer
... A climate comeback story is possible. Whether it was seeing Californian forests turn to cinder or a deadly 106-degree heat spikes in Japan this summer, something is fundamentally changing in the way companies and citizens care about the issue. The price of climate change is no longer a concern for later, but one for right now. It is not the case that our grandchildren alone will bear the costs. We experience the effects, and have to pay for them, right here and right now - to the effect of hundreds of billions dollars, and affecting hundreds of millions of people.
First: “Do no harm.” After decades of distorting the market with subsidies for carbon-emitting industries, it’s time we end that practice. Energy, environment and finance policies should no longer include subsidies for fossil fuels.
There are low-hanging fruits. G7 countries continue to give $100 billion in subsidies to the production, and use, of fossil fuels, and globally, a similar amount is spent on forest-destroying agricultural expansion. Dropping those subsidies and investments would make a big difference.
Second, introduce carbon-pricing mechanisms. I know firsthand it is difficult, but possible. We did it in Norway with the first ever CO2 tax in 1992.
Finally, make emitters pay for the true social cost of carbon.
This is where we should ultimately land — at an effective carbon price in all jurisdictions, that internalizes all costs and is not offset by fossil fuel subsidies.
At the United Nations General Assembly this week, and the Sustainable Development Impact summit the World Economic Forum organizes at the same time, our political, business and scientific allies will make this case.
(Excerpt) Read more at time.com ...
Borge Brende is the President of the World Economic Forum and the former Foreign, Trade and Environment Minister of Norway.
If it ain’t broke, don’t fix it.
What happens in Norway should stay in Norway.
What liberals really mean is you sacrifice your lifestyle so they can live high on the hog.
They want you to do without so they can feel good about themselves. Cuck them.
Fine. Let Norway pay up for the climate change hoax. The USA is the ONLY country whose CO2 emissions have decreased for a number of years. When the rest of the nations on this planet match our record, the “problem” will be solved.
More taxes and bigger government wrapped in environmental nonsense.
The social cost of carbon?! WTF?!
Let’s have liberals pay for the social cost of running their stupid mouths.
Bullshit is his middle name
Not tis crap again....
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