Also this week, the Guardian’s polluters series found that just 20 private and state-owned fossil fuel producers are responsible for 35% of manmade carbon dioxide and methane emissions over a similar period. On Thursday, the IMF suggested a $75-per-ton global carbon tax is the most efficient way to fight greenhouse gas emissions and keep warming below 2C. And proposals for far lower carbon taxes in the US have been reliably shot down, albeit in no small part thanks to significant industry lobbying. In the context of gaping inequality, any climate policy that doesn’t look to make the economy more equal overall will be dead on arrival. Tax policy, after all, is social policy, and it reflects what a society values.

Source: The Guardian October 12, 2019 13:07 UTC