'Plane Taking OffCarbon footprint' has become a buzzphrase ever since the Stern Review on the Economics of Climate Change was published last October (2006) and, more recently, the latest UN Intergovernmental Panel on Climate Change report was released.
The debate over how to help Britain reach its target of a 60 per cent reduction in carbon dioxide production by 2050 from 1990 levels has intensified amid worrying new predictions for the impact of global warming.
In its inquiry, entitled 'Climate change and the Stern review: the implications for HM Treasury policy on tax and the environment,' the parliamentary Treasury Committee will today take evidence from a range of institutions and groups including Friends of the Earth, the Environment Agency, the Institute of Development Studies, University of Sussex and the Chamber of Shipping & International Air Transport Association.
In his report to the UK government, Sir Nicholas Stern, a former World Bank chief economist, advocated increasing the tax burden on high energy users, and developing the market for trading in carbon emission quotas. He also called for greater technological innovation.
See full Press Release.
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