24.08.2016 - Expanding the volume of global carbon markets
Grenatec principal Stewart Taggart highlights ways to make carbon markets more economically viable, and harness their power to mitigate climate change. Raising carbon prices, eliminating fossil fuel subsidies, reducing carbon pollution-related health care costs. These will transform reducing climate change into a global wealth creation engine. The most important of the three is eliminating the current $5.3 trillion of annual world fossil fuel subsidies. The Group of Seven has pledged to do this for the world’s largest economies by 2025. The rest of the world can follow. Everyone will gain...............................................Full Article: Source
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