26 Nov '11, 1am

OECD report pushes for price on carbon. #climate #eco #COP17

A price on carbon is essential to combating global warming , a report by the Organisation for Economic Co-operation and Development has found, giving a boost to the federal government after weeks of debate on the carbon tax. As the international community prepares for the Durban conference on climate change, set to start in South Africa on Monday, the OECD’s environmental outlook to 2050 urges countries to adopt carbon prices to stimulate clean energy development and greater efficiency. ”A significant carbon price is needed to induce technological change,” the report said. Carbon taxes and emissions trading schemes would ”provide a dynamic incentive for innovation and private investment in low-carbon, climate-resilient infrastructure, plant and equipment,” the report states. In one of the gloomiest recent forecasts, the report found that without more ambitious policies, th...

Full article: http://www.eco-business.com/news/oecd-push-for-price-on-c...

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