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