World powers 'plan anti-carbon tax talks'

The EU hopes its carbon tax on air travel will help it achieve its goal of cutting carbon emissions by 20% by 2020
A passenger airplane leaves a trail through the air as it flies over Islamabad in 2009. India, Russia, the United States, China and other countries will meet in Moscow this month to decide whether to retaliate against the EU's decision to impose a carbon tax on air travel, a report says.

India, Russia, the United States, China and other countries will meet in Moscow this month to decide whether to retaliate against the EU's decision to impose a carbon tax on air travel, a report says.

The European Union (EU) imposed the tax with effect from January 1, but over two dozen countries, including India, Russia, China and the United States, have opposed the move saying it violates international law.

The Press Trust of India late Friday quoted what it said were official sources as saying over 30 countries would meet in Moscow on February 21 and 22 to decide on retaliatory measures against the EU if it insists on imposing the on non-EU flights as there was "growing agreement" on the matter.

The report did not name the sources.

The news agency added that India delivered "a strong message" on the carbon tax issue to an EU delegation led by EU climate chief Connie Hedegaard on Friday in New Delhi.

"Even if only India, Russia and China decide to start charging for over-flights by European carriers or decide to restrict the number of flights operated by them citing emission concerns, it could have a devastating effect on the European ," a source said, according to PTI.

A "Delhi Declaration" was unanimously adopted at a meeting of the International Civil Aviation Organization Council and other non-EU member states in New Delhi last September.

The declaration opposed EU's plan to include all flights by non-EU carriers to and from an airport in the EU territory in its system, saying it was inconsistent with applicable international law.

The EU has said the carbon tax will help the 27-nation bloc achieve its goal of cutting emissions by 20 percent by 2020.


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Citation: World powers 'plan anti-carbon tax talks' (2012, February 5) retrieved 23 July 2019 from https://phys.org/news/2012-02-world-powers-anti-carbon-tax.html
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Feb 05, 2012
Another example of the idiocy of carbon taxes.

Let's hope that the EU is so heavily penalized that it stops this foolishness.

There its no sensibility to be expected from anyone consumed with AGW hysteria.

Feb 05, 2012
I can only hope that we have the courage to learn something from the EU. I sometimes feel that the importance of responsibility is neglected for things such as pride and short emotions. Environment is currency. The environment is more fundamental then economics, one is needed for the other, even though they can be built into a dynamic relationship where we use economics to enhance the living environment and life quality for all. But responsibility cost money. They can work together, and we need to take actions to increase environmental awareness. We have many things yet to learn, and different values.

Feb 05, 2012
this is not about the envinroment, this about raping the EU of financial resources, take a look at greece and italy.

Goldman is being criticized for its involvement in the 2010 European sovereign debt crisis. Goldman Sachs is reported to have systematically helped the Greek government mask the true facts concerning its national debt between the years 1998 and 2009.[72] In September 2009, Goldman Sachs, among others, created a special credit default swap (CDS) index to cover of high risk of Greece's national debt.[73] The interest-rates of Greek national bonds have soared to a very high level, leading the Greek economy very close to bankruptcy in March and May 2010 and again in June 2011.[74] Lucas Papademos, Greece's new prime minister, ran the Central Bank of Greece at the time of the controversial derivates deals with Goldman Sachs that enabled Greece to hide the size of its debt.[75]

Feb 05, 2012
environment is more fundamental then economics

An economy is the way the environment is managed.
In a free economy, participants act in their self interest. It is not in anyone's self interest to crap in their own house, but it is in the interest of nation-states to allow some to dump crap on others for the 'good of all'.
When the govt vigorously protects EVERYONE'S individual property rights, no one can cause harm to another without compensation.

Feb 05, 2012
Petros Christodoulou, head of Greece's debt management agency began his career at Goldman Sachs.[75] Mario Monti, Italy's new prime minister and finance minister, who heads the new government that took over after Berlusconi's resignation, is an international adviser to Goldman Sachs.[75] So is Otmar Issing, former board member of the Bundesbank and the Executive Board of the European Bank.[75] Mario Draghi, the new head of the European Central Bank, is the former managing director of Goldman Sachs International.[75] Antonio Borges, formerly head of the IMF's European Department is a former vice chairman of Goldman Sachs International.[75] Peter Sutherland, former Attorney General of Ireland is a non-executive director of Goldman Sachs International. Karel van Miert, former EU Competition Commissioner is an ex-international adviser to Goldman Sachs.[75] These ties between Goldman Sachs and European leaders is an ongoing source of controversy.[75]

Feb 05, 2012
Yet more evidence that the bank is in control and not the gov or the people.

Feb 05, 2012
Yet more evidence that the bank is in control and not the gov or the people.

Who prints the money?
Who creates banking regulations?
Govts control the money, interest rates and the banks.
The govt has the power to end that control anytime by allowing banks to establish their own money.
So Koch, do you support free market money?

Feb 05, 2012
Who prints the money?

The bank.
Who creates banking regulations?

What banking regulations and for which bank?
Govts control the money, interest rates and the banks.

No the banks do.
The govt has the power to end that control anytime by allowing banks to establish their own money.

All money comes from the bank.
So Koch, do you support free market money?

You think i am koch or something? You are more delusional than i thought or just very stupid, i tend to think both.

Feb 05, 2012
Why are you posting these comments on a science forum?

Feb 05, 2012
I'm pretty sure it violates the U.S. constitution.

Feb 05, 2012
In the U.S., private banks do.

Not just the U.S. but pretty much the majority of the "civilized world"

In the U.S., is is a cooperative effort by the banks and government bodies that are lied to by paid lobbiests from the private banks.

Not just that but the gov needs to approval of economic plans like austerity measures. The bank can also just regulate interest rates and financially destroy a country if the gov doesnt do what they want.

Banking regulation typically exists to limit the banks gambling with other people's money and to ensure that the banks carry sufficient cash reserves to cover withdrawals.

And even then the rules only apply for certain banks(the minor ones). I wish i knew where i could find more exact info on these regulations.

Feb 05, 2012
I was in the USSR in '83. The official exhcange rate was 1.5USD per ruble. Of course I could sell a pair of Levis on the street for 100 rubles (150USD) but I would get arrested or have the rubles confiscated if I tried to exchange them for USD. Of course I could spend them in country on food or services, just not anything I could leave with.
bank can also just regulate interest rates

The US govt sets the discount rate, not banks.
It is the govt, not a bank, that destroys the economy with fiat currency mismanagement.
Govts also set interest rates on the price of bonds. Bankrupt or nearly countries need to set high rates on their bonds due to their high risk.
US bond rates are almost 0%, so far, because others want USD for security. But China and India are buying gold instead of buying US bonds.
Bank regulations are only as good as those who enforce them.

Feb 09, 2012
I think what the EU is doing is AWESOME. Look at it. CO2 is bad. Jets release a lot of CO2 when they fly. So when you fly over a country "that gives a shit" you pay for the CO2 you dump into that country. That seems pretty simple.

China is making a big deal over nothing and is sending a message of not recognizing the whole global warming aspects of CO2.

Jet fuel from bio-sources (carbon neutral) seems the way to go when flying over Europe. Sounds like an opportunity for enterprise to work out.


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