Stiglitz: Global #carbonpricing with cross-border tariffs needed to fight #climate change – @takvera

Nobel award winning economist Joseph Stiglitz has raised the prospect of a global carbon tax lead by a ‘coalition of the willing’, with cross border taxes on goods from non-participating countries, as one strong measure to transition the planet to low emissions and fight climate change. Speaking at the plenary of the Our Common Future Conference on climate science in Paris on Friday he outlined that carbon trading and the national voluntary target approach through the UNFCCC process, like we are seeing in current COP21 negotiations, have essentially failed. According to projections by Climate Action Tracker, we are still on track for 3 to 4 degrees Celsius of warming this […]