The Global Climate Tax

Getting to Zero emissions & kick-starting the economy:

Introducing the Global Climate Tax

  1. All GHG gases & climate active substances are taxed
  2. The tax is levied EVERYHWERE, globally, at the point of emissions (end-consumer, similar to VAT)
  3. The tax is levied the same rate everywhere, per ton of CO2 equivalent
  4. The tax is gradually introduced to allow the economy time to adjust. The tax starts at U$ 50 per ton of CO2 equivalent in Year 1, and is gradually increased to U$ 500 in Year 10 and  U$ 1000/tCO2eq in Year 15
  5. The tax is levied & redistributed at country level,
  6. The tax is 100% fiscal neutral: ALL tax revenues are redistributed, for
    1. 50% cash-back, re-distributed regressively to all individuals. Low income brackets receive higher sum than high income brackets to balance the temporarily increasing energy bill
    2. 40% for building renewable energy infrastructure (excluding nuclear, bio-fuels and carbon capture technologies)
    3. 2.5% for R&D
    4. 5% for national mitigation & reforestation
    5. 2.5% for a global fund in support of the most affected countries
  7. Agriculture contributes 15-25% of global GHG emissions. Meat and dairy products therefore need to be taxed according to their associated GHG emissions
  8. Countries that do not participate in a global climate tax scheme are taxed a flat import tariff of at least 30% on all imports. These tariffs will be redistributed to the population as cash-back: Exemptions might only be granted to the least developed countries

You can download this statement as PDF here.

 

We Demand

  1. The immediate convention of a global conference;
  2. The result of this conference is the immediate introduction of a global climate tax on all greenhouse gases, other climate active substances, and activities that affect the climate, in particular animal-based products (meat & dairy products) as outlined above

You can download this text as a template to start a petition in German or English

Background

  • The science is clear: according to the Intergovernmental Panel on Climate Change (IPCC), a scientific conservative leaning gremium, we only have a short time window left to take action to avoid climate change that could endanger society as we know it
  •  CO2 emissions and emissions of other greenhouse gases therefore not only need to be reduced, but completely halted, as soon as only possible;
  • Fossil energy carriers need to be replaced with clean renewable electricity as soon as only possible;
  • The necessary technologies (renewable electricity generation) is ready and available. Renewable electricity generation does not require fuel to operate, and is cheaper than fossil energy forms already today. To store electricity, transitional solutions (such as power-to-gas-to-power) will be used until battery technology is advanced enough for the future electricity storage requirements;
  • Climate change is a global problem; it can only be solved through a global effort;
  • A global climate tax allows the development of a renewable energy infrastructure without negatively affecting the economy: all businesses compete under the same global framework, and the intitially increasing cost can be passed on;
  • The regressive redistribution of the climate tax revenues in cash ensures that the purchase power of low-income segments is increased, of middle classes maintained, and of high-income brackets not affected;
  • Thanks to the higher efficiency of electric motors and appliances compared to fossil applications, the total global energy cost will be significantly lower after the transition period than it is today.
  • A climate tax as proposed above would eliminate all GHG emissons by 2035

Download this text as a template to start a petition in German or English

The global climate tax scheme

Climate Tax Scheme_simple 1

Quick links

Downloads

Short explained:

Download the teaser

 

Interested in the details?

Download the global climate tax evaluation report – “Changing Climate Change”
Download the Executive Summary of the Report