Even though the UN’s IPCC climate report has been thoroughly discredited as politicized, a UN panel including George Soros and Larry Summers called for taxes on developed countries to help poorer countries with ‘global warming’.

By Alex Morales and Jim Efstathiou Jr. at Bloomberg.com

EXCERPTS:

The findings are intended to guide envoys at UN climate talks that start this month in Mexico as they seek ways to pay for $100 billion in climate aid that was pledged by 2020 to poor nations at last year’s summit in Copenhagen.

The panel assumed a carbon price of as much as $25 a ton on emissions in the levy it suggested.

An additional $12 billion would come from a levy on shipping and aviation, the report showed. Waskow said the levies on transportation need to be structured so as not to harm developing nations.

“Concerted global action and a carbon price of at least $25 is required to achieve the necessary transformation in the global economy,” U.K. Energy and Climate Change Secretary Chris Huhne said in a statement. Huhne is a member of the advisory group.

The panel also looked at a “wires charge” on electricity generation, which it said might provide $5 billion; the removal of fossil fuel-subsidies, which may raise $8 billion; and a carbon tax, which would garner $10 billion. Private finance could provide a net $24 billion, it said.

FULL STORY

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