Thursday, August 2, 2007

U.N. climate chief skeptical about global carbon tax

UNITED NATIONS (Reuters) - A top U.N. climate change official voiced doubt on Wednesday about a global tax on carbon, but said national taxes were possible and laws to cap global warming emissions were better for business.

"I personally am skeptical on the notion of global carbon taxes," said Yvo de Boer, who heads the U.N. Framework Convention on Climate Change.

International agreement on such a tax would take a long time, de Boer said, and it might take even longer to get the tax proceeds to the United Nations to deal with global warming....

From Reuters