Tuesday, 5 November 2013

Another socialist organisation backs carbon pricing

That socialist bastion the Organisation for Economic Co-operation and Development has released a report recommending carbon pricing, in the form of taxes or emissions trading, as the most cost effective way of reducing carbon emissions. They join other commie, liberal, pinko groups  the World Bank and the International Monetary Fund, amongst others.

The Guardian reports:
The cost of alternatives to carbon pricing can prove “substantially higher”, according to the OECD, an organisation of 34 of the world’s leading economies. For example, the average cost of reducing a tonne of emissions in the road transport industry is up to eight times more expensive when utilising any method other than fuel taxes.

In the electricity sector, abating a tonne of CO2 cost an average €10, the OECD said, compared to €176 for capital subsidies and €169 for feed-in tariffs.
Will Tony Abbot accuse the OECD of "talking through their hats"?

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