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The fastest route to net zero is not a carbon tax: it’s ending the $6 trillion/year fossil fuel bailout

By: The Posts Author | Posted on: 8 Nov 21

Global business groups are calling on governments to pursue an international strategy on carbon pricing at the COP26 UN climate summit. While well-intentioned, the reality is we don’t need carbon pricing to create a level-playing field in global markets. We just need to end trillions of dollars of subsidies to the coal, oil and gas industries: because these industries are already stranded.  Carbon polluters, like any polluters, should pay for the damages they impose on societies. But carbon pricing is not the most effective way to accelerate the clean energy disruption and get to net zero.  Carbon pricing takes mainly …

The fastest route to net zero is not a carbon tax: it’s ending the $6 trillion/year fossil fuel bailout Read More »

Global business groups are calling on governments to pursue an international strategy on carbon pricing at the COP26 UN climate summit. While well-intentioned, the reality is we don’t need carbon pricing to create a level-playing field in global markets. We just need to end trillions of dollars of subsidies to the coal, oil and gas industries: because these industries are …

The fastest route to net zero is not a carbon tax: it’s ending the $6 trillion/year fossil fuel bailout Read More »

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