Posted on 03/10/2020 9:19:13 AM PDT by Oldeconomybuyer
COPENHAGEN - Denmark should sharply increase its carbon tax to help meet the cost of reaching its 2030 target to cut greenhouse gas emissions by 70% from 1990 levels, the Danish Council on Climate Change said on Monday.
The council is the main independent adviser to the Danish government on climate change and its proposal for a much higher carbon tax immediately drew criticism from industry, with business representatives saying some companies would be forced to leave Denmark.
“We can make the green transition happen without it costing a whole lot or affecting our welfare to a significant degree,” said Peter Mollgaard, chair of the council, which provides recommendations to the government.
Mollgaard said the most important tool would be an increase in carbon taxes, and recommended an increase to 1,500 crowns per ton of carbon dioxide equivalent, from just 170 crowns currently.
However, such a tax is unpopular among businesses, which fear it will hurt their competitive position and encourage companies to move to countries with lower or no taxes.
“The climate council’s proposal is so far-reaching that we’re just going to move CO2 emissions abroad and get lower growth and fewer jobs,” said the Confederation of Danish Industry (DI) in response to the proposal.
(Excerpt) Read more at reuters.com ...
Enjoy being squeezed like a ripe orange, Danish citizens.
Industry never bears the expense of taxes, the cost is passed through to the consumer through higher prices. The impact on industry is caused by a decrease in demand for their products due to the higher price to the end user. Economics 101.
Sure! Put more money in the hands of the Politicians. That may solve even imaginary problems.
ML/NJ
Only if they use that money to expel every single Muslim from Denmark.
If I were thinking like a Leftist, I’d also place a confiscatory “exit tax”’ on any industry leaving Denmark. Couple that will substantial tariffs on any company that wants access to Danish markets. After you’ve effectively seized domestic resources from these companies, hand them over to private investors/entrepreneurs who share the same political ideas as the government. That way you at least have some smattering of market forces involved in pricing and resource allocation. But, hey, only the Left think that way, right?
Fire the adviser.
“We have lowered noxious gas emissions by putting a tax on government advisors....”
How about Denmark politicians stick to doing the work of government and stop trying to eliminate prosperity in the name of climate change?
Climate changes. What, about that, is so intrinsically bad that people should subject themselves to all kinds of misery in the name of stopping it? Also, how, exactly, is raising taxes to the point where businesses can no longer function supposed to make the climate static? Can anyone explain how that works? I doubt it.
Please explain how raising taxes lowers carbon emissions?
That ALWAYS solves the problems.
Because $$$ will fix it.
Well, a “carbon tax” is sure to make the sea level recede.
I still cannot see the mechanism by how controlling release of carbon dioxide has any effect on climate or the overall health of the biosphere. But it sort of helps out the state treasury on the short run.
In the long run, the onerous and unnecessary level of taxes collected leads to an overall LOSS of revenue, because of the artificial burden it places on productive enterprise.
I have proof that money will NOT solve climate change.
I put a $20 bill on my thermostat and NOTHING changed!
yes please do- let us all know how that works out for you- and remember- no more financial aid from US
LOL! Perfect. Is his granddaughter Greta Thor? Don’t steal my thunder, bro.
Raising taxes won't lower carbon emissions, but it will improve the weather. Look at California. /stupid
“I have proof that money will NOT solve climate change.”
“I put a $20 bill on my thermostat and NOTHING changed!”
ROFLMAO! +10 FReeper humor at its finest. Tanks much. BUMP!
HOW DARE YOU!
Great episode....LOL....GOOD!
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