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Border taxes on carbon are inefficient and costly, says OECD Secretary-General image

Border taxes on carbon are inefficient and costly, says OECD Secretary-General


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•November 10, 2009
3:00 pm 

Border taxes on carbon are inefficient and costly, says OECD Secretary-General art
 


Based on fears that the competitiveness of their domestic industries will be undermined by weak greenhouse gas emission reduction pledges from developing country trading partners, developed countries are calling for border taxes on carbon. But these fears are often exaggerated, and posturing over border taxes diverts attention away from the fundamental need for broad participation in a climate agreement, according to an op-ed by the OECD Secretary-General published in the Financial Times: “Carbon has no place in global trade rules”.

Source:Border taxes on carbon are inefficient and costly, says OECD Secretary-General


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