Fight­ing warm­ing with taxes:

Dis­cov­ery

Arab Times - - INTERNATIONAL WORLD NEWS ROUNDUP -

Macron

Cronin

The “yel­low vests” in France are wor­ry­ing greens around the world.

The worst ri­ots in Paris in decades were sparked by higher fuel taxes, and French Pres­i­dent Em­manuel Macron re­sponded by scrap­ping them Wed­nes­day. But taxes on fos­sil fu­els are just what in­ter­na­tional cli­mate ne­go­tia­tors, meet­ing in Poland this week, say are des­per­ately needed to help wean the world off of fos­sil fu­els and slow cli­mate change.

“The events of the last few days in Paris have made me re­gard the chal­lenges as even greater than I thought ear­lier,” said Stan­ford Univer­sity en­vi­ron­men­tal econ­o­mist Lawrence Goul­der, author of the book “Con­fronting the Cli­mate Chal­lenge”.

Economists, pol­i­cy­mak­ers and politi­cians have long said the best way to fight cli­mate change is to put a higher price on the fu­els that are caus­ing it - gaso­line, diesel, coal and nat­u­ral gas. Tax­ing fu­els and elec­tric­ity could help pay for the dam­age they cause, en­cour­age peo­ple to use less, and make it eas­ier for cleaner al­ter­na­tives and fuel-sav­ing tech­nolo­gies to com­pete. (RTRS)

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