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Keyword: caiokochweser

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  • $100B/Yr Climate Finance Challenging, But Possible (global taxes!) - UN Panel (Soros)

    11/06/2010 11:28:07 PM PDT · by SmartInsight · 33 replies
    WSJ ^ | Nov. 5, 2010 | Selina Williams
    Raising $100 billion a year of climate finance by 2020 is challenging, but possible through mechanisms including carbon markets, domestic carbon taxes and a variety of international transportation taxes, a United Nations advisory group said in a report Friday. Earlier this year, the UN's Ban established the panel, which includes U.S. National Economic Council Director Larry Summers, billionaire financier George Soros and Deutsche Bank vice-chairman Caio Koch-Weser. The financing will be used to support mitigation and adaptation efforts in developing countries--in particular, for the poorest and most vulnerable communities.