Locator: 49432COTD.
Link here.
A simple graph that western countries have trouble interpreting.
WSJ opinion: link here. UN blinks on global tax on CO2.
The
International Maritime Organization, an arm of the U.N. based in
London, had intended this week to approve the new tax on carbon-dioxide
emissions from cargo ships for purposes of mitigating climate change. It
would have been the first global carbon tax, and the first global tax
of any kind paid directly to the U.N. Shippers would have had to pay a
fee per metric ton of “excess” carbon-dioxide emissions into an
IMO-managed fund, with the money then divvied up to various governments
and businesses. The cost inevitably would be passed onto consumers.
That
is, until the U.S. stepped in. The Administration warned last week it
would consider imposing sanctions on any government that voted for the
tax. Washington worried the plan would cause inflation by driving up
shipping costs. The whole project smacked of the taxation without
representation that America was founded to resist. President Trump
weighed in with his own social-media post on Thursday.
Amid
the U.S. pressure, IMO members on Friday voted to shelve the issue for
at least a year. They’d do better to drop it entirely, but at least the
delay gives everyone a face-saving off-ramp.
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Vestas Shuts Down Operations In Poland
Europe Losing Interest In Losing Money To Pay For Wind
Link here.