Posts Tagged ‘World Bank’

Mr. Mulcair goes to Washington

By Aaron Wherry - Saturday, March 9, 2013 - 0 Comments

The NDP leader will be in Washington, DC from Monday through Thursday next week for meetings.

He is scheduled to meet with House minority leader Nancy Pelosi, former chair of the Democratic National Committee Howard Dean and Congressional Budget Office director Douglas W. Elmendorf, as well officials from the White House, IMF and World Bank.

  • ‘A predictable price on carbon’

    By Aaron Wherry - Friday, January 25, 2013 at 4:06 PM - 0 Comments

    Jim Yong Kim, president of the World Bank, calls for a price on carbon as part of an agenda to deal with climate change.

    The world’s top priority must be to get finance flowing and get prices right on all aspects of energy costs to support low-carbon growth. Achieving a predictable price on carbon that accurately reflects real environmental costs is key to delivering emission reductions at scale. Correct energy pricing can also provide incentives for investments in energy efficiency and cleaner energy technologies.

    A second immediate step is to end harmful fuel subsidies globally, which could lead to a 5 percent fall in emissions by 2020. Countries spend more than $500 billion annually in fossil-fuel subsidies and an additional $500 billion in other subsidies, often related to agriculture and water, that are, ultimately, environmentally harmful. That trillion dollars could be put to better use for the jobs of the future, social safety nets or vaccines.

    With the legislative path seemingly blocked, Barack Obama is believed to be preparing to use the EPA’s regulatory authority to enact new restrictions on greenhouse gas emissions.

From Macleans