Carbon Tax Revenues Could Help Create 14 Million Jobs Says Labor Organization

Dec. 7, 2009
Jobs would be created if a price on CO 2 was imposed and the resulting revenues were used to cut labor taxes, UN group says

Revenues from a carbon tax on emissions could be used to help create 14 million jobs by 2014, a report by the UN labor agency said on Dec. 7.

"If a price on CO2 (carbon dioxide) emissions was imposed -- at a level close to what is internationally suggested -- and if the resulting revenues were used to cut labor taxes, then employment would rise by 0.5% by 2014," the report on the global jobs crisis said.

The International Labor Organization added that the amount was "equivalent to over 14.3 million net new jobs for the world economy as a whole."

Lead author Raymond Torres said the estimates were based on a $30 per ton price for CO2 emissions.

The issue of carbon pricing and taxation is among those up for discussion at the UN climate change conference that began on Dec. 7 in Copenhagen.

Copyright Agence France-Presse, 2009

Popular Sponsored Recommendations

Smarter Savings for Manufacturers - Guide

Sept. 12, 2023
Enhance your service experiences and boost revenue while reducing costs. Learn how one platform can help your business be more agile and productive in today's market.

Discover How an Eye Tracking Study Improves Training Procedures

Oct. 29, 2023
Did you know that your training processes can be streamlined by visualizing and analyzing key skills within your employee base? Find out how we use eye tracking to capture advanced...

Gain a competitive edge with real-world lessons on private 5G networks

Nov. 16, 2023
The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

Smarter Savings for Manufacturers - Guide

Sept. 11, 2023
Boost your manufacturing sales and revenue while reducing costs. Learn how one platform can help your business be more agile and productive in today's market.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!