Newby
Does it get any better?
- Jan 6, 2009
- 9,094
- 1,749
- 190
This could be an excerpt from the book.
The tab for U.N.s Rio summit: Trillions per year in taxes, transfers and price hikes
By George Russell
Published April 20, 2012
FoxNews.com
The upcoming United Nations environmental conference on sustainable development will consider a breathtaking array of carbon taxes, transfers of trillions of dollars from wealthy countries to poor ones, and new spending programs to guarantee that populations around the world are protected from the effects of the very programs the world organization wants to implement, according to stunning U.N. documents examined by Fox News.
The main goal of the much-touted, Rio + 20 United Nations Conference on Sustainable Development, scheduled to be held in Brazil from June 20-23, and which Obama Administration officials have supported, is to make dramatic and enormously expensive changes in the way that the world does nearly everythingor, as one of the documents puts it, "a fundamental shift in the way we think and act."
Among the proposals on how the challenges can and must be addressed, according to U.N. Secretary General Ban Ki-moon:
--More than $2.1 trillion a year in wealth transfers from rich countries to poorer ones, in the name of fostering green infrastructure, climate adaptation and other green economy measures.
--New carbon taxes for industrialized countries that could cost about $250 billion a year, or 0.6 percent of Gross Domestic Product, by 2020. Other environmental taxes are mentioned, but not specified.
--Further unspecified price hikes that extend beyond fossil fuels to anything derived from agriculture, fisheries, forestry, or other kinds of land and water use, all of which would be radically reorganized. These cost changes would contribute to a more level playing field between established, 'brown' technologies and newer, greener ones."
-- Major global social spending programs, including a "social protection floor" and "social safety nets" for the world's most vulnerable social groups for reasons of equity.
Read more: The tab for U.N.