Tens of billions of pounds will have to be raised through flight taxes to compensate developing countries for the damage air travel does to the environment, according to the Government’s advisory body on climate change.
Have none of these fuckwits actually read the Stern Review? We should tax emissions, internalise the current externalities.
Great, and the cost we are covering is that $80 a tonne CO2.
Fine, so what should the tax on a flight be then? Yes, it should be $80 per tonne CO2 emitted times the number of tonnes of CO2 emitted. And do we already have a tax that does that? Why, yes we do, it\’s called Air Passenger Duty.
It\’s a little rough and ready to be sure but it is at about the correct level (note that it was doubled just after the Stern Review came out to make it accord with the Stern Review estimates). So that\’s it, we\’re done. Nothing else need be developed, we have internalised to market prices the cost of the pollution generated.
Ticket prices should rise steadily over time to deter air travel and ensure that carbon dioxide emissions from aviation fall back to 2005 levels, the Committee on Climate Change says. It believes that airlines should be forced to share the burden of meeting Britain’s commitment to an 80 per cent cut in emissions by 2050.
The committee proposes a global cap on aviation emissions,
Nooooooo…..my God you\’re ghastly little cocksuckers, aren\’t you? We do not want to cap emissions by sector at all!
Cap total emissions perhaps (or tax emissions at the harm they do) but we absolutely want emissions to be tradeable across sectors. For we want to use whatever emissions we\’re allowed in whatever manner provides us with the greatest value. It might be that we prefer steak and the methane emissions to flying: or flying in preference to steak. But if we cap agricultural emissions separately from the cap on aviation emissions then we cannot make that choice, can we?
Setting cap and trade limits by sector obviates the very reason to have cap and trade: for you\’re not allowing trade between sectors, which is the very thing we damn well want from a cap and trade system.
Somehow it just isn\’t a surprise that the weapons grade cock end Adair Turner is involved with this.