Californians brace for new individual tax on Carbon Emmissions as of 2013 - rest of America to follow ...soon !

Click here to read the full article at New York Times: http://www.nytimes.com/2012/10/14/science/earth/in-california-a-grand-experiment-to-rein-in-climate-change.html?_r=0

A Grand Experiment to Rein In Climate Change

By FELICITY BARRINGER

LEGGETT, Calif. — Braced against a steep slope, Robert Hrubes cinched his measuring tape around the trunk of one tree after another, barking out diameters like an auctioneer announcing bids. “Twelve point two!” “Fourteen point one!”

Mr. Hrubes’s task, a far cry from forestry of the past, was to calculate how much carbon could be stored within the tanoak, madrone and redwood trees in that plot. Every year or so, other foresters will return to make sure the trees are still standing and doing their job. 

Such audits will be crucial as California embarks on its grand experiment in reining in climate change. On Jan. 1, it will become the first state in the nation to charge industries across the economy for the greenhouse gases they emit. Under the system, known as “cap and trade,” the state will set an overall ceiling on those emissions and assign allowable emission amounts for individual polluters. A portion of these so-called allowances will be allocated to utilities, manufacturers and others; the remainder will be auctioned off. 

Over time, the number of allowances issued by the state will be reduced, which should force a reduction in emissions. 

Click here to read the full article at New York Times: http://www.nytimes.com/2012/10/14/science/earth/in-california-a-grand-experiment-to-rein-in-climate-change.html?_r=0

Get ready America, after AA+ rating, "U.N. Green levies" will be your new TAX

Green levies to make up increased share of tax revenue

Click here for this story on Accountancyage.com

AN INCREASED PROPORTION of tax revenues will come from environmental levies and taxes as the UK moves to a more green economy, according to a report published today.

The business, energy and environment secretaries released their "Enabling the Transition to a Green Economy" today, which indicates the government's expectation that green taxes will grow as a percentage of overall revenues, The Financial Times reports.

"The government will increase the proportion of tax revenue accounted for by environmental taxes targeting measures to maximise opportunities for green growth in the UK," said the paper.

Businesses already face a variety of environmental charges such as; the Climate Change Levy on electricity use; Carbon Reduction Commitment, which requires companies to pay for energy related emissions; and the Emissions Trading Scheme, for energy intensive companies that are supplied carbon credits and can trade unused ones on an open market.

Environment secretary Caroline Spelman, (pictured) said a green economy would offer "huge opportunities for British businesses".

EDITORIAL: The U.N.'s global tax scheme

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As one global-warming tax fades, another rises

The world's leftists dream of the day when they might erect an international taxation system. Such would be the bottomless well from which they could exploit the world's productive energies to bankroll utopian schemes and build bigger, better and, most important, higher-paying global bureaucracies. Steps were taken last week to make this dream a reality.

At the Group of 20 meeting in South Korea, a coalition of 183 organizations from 42 countries called for a tax on financial transactions to raise funds to offset the impact of the global economic crisis. The so-called Robin Hood Tax would underwrite a number of programs with the purported aim of "reducing the unacceptably high rate of job loss, and achieve key development, health, education and climate change objectives in developing countries." How this miracle would be achieved is unclear. Taking money from productive enterprise and sinking it into bloated government programs is an unlikely recipe for success. Nonetheless, proponents of the Robin Hood Tax are convinced that government austerity drives, such as the one under way in Britain, are more of a threat to the disadvantaged than looming worldwide insolvency.

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