Gist of Editorials: A Case for a Differential Global Carbon Tax | GS – III


Relevance :  GS Paper  III


Context

The most recent IPCC mreport suggests that we might have just over a decade left to limit global warming.

What the report says

  • Total global emissions will need to fall by 45% from 2010 levels by 2030 and reach net zero by 2050.
  • If these targets are not met, tropical regions of the world, are likely to be most negatively affected.

Sharing the burden

  • The global South happens to be at the receiving end of the lifestyle choices made by the global North.
  • Both the worlds need to contribute to avert this danger in their self-interest.
  • A just approach would involve sharing of the responsibility among countries according to their respective shares in global emissions.

Carbon trading

  • Carbon trading process has its own limitations.
  • The proposal of a Just Energy Transition (JET), premised on a sense of global justice is a better alternative.

What to do ?

  • massive investments for the green energy programme
  • support the transition for the countries at the bottom.
  • global energy transition should be financed through a system of the global carbon tax.
  • Countries which emit more than the global per capita average should fund energy transition of those who are below this average.

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