Daniel Wagner: Carbon Taxes and Global Decision-Making
The European Union's decision to impose a carbon levy on air travel to Europe had the best of intentions but has provoked howls of protest from some of the world's largest economies, with both China and India having stated they will not comply. The conundrum now facing the EU -- whether to double down on the idea, modify it, or withdraw the concept altogether -- serves to emphasize the myriad of interdependencies and impacts that today transcend borders.
30 Mar 2012 10:06
London-listed Trading Emissions Plc (TEP) slashed the value of its business by 132 million pounds on…