Remove Cheap Remove Cuba Remove Gas-Electric Remove Tax
article thumbnail

Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

Green Car Congress

According to Tol, the impact of a tax hike of this magnitude could reduce world GDP 12.9% The fact is, about half the world’s electricity comes from coal. In the next thirty years, a substantial percentage of greenhouse gas increases will come from carbon emissions by developing countries.