The Global Warming Carbon Regime
“There has never been a global movement to put a price on carbon at this level and with this degree of unison,” World Bank Group President Jim Yong Kim declared in an October 19, 2015 press release announcing the establishment of a global Carbon Pricing Panel — a group convened by Kim and IMF Managing Director Christine Lagarde. “It marks a turning point,” the World Bank chief said, “from the debate on the economic systems needed for low carbon growth to the implementation of policies and pricing mechanisms to deliver jobs, clean growth and prosperity. The science is clear, the economics compelling and we now see political leadership emerging to take green investment to scale at a speed commensurate with the climate challenge.”
The panel includes Governor Jerry Brown of California, German Chancellor Angela Merkel, Chilean President Michelle Bachelet, French President François Hollande, Ethiopian Prime Minister Hailemariam Desalegn, Philippines President Benigno Aquino III, Mexican President Enrique Peña Nieto, and Mayor Eduardo Paes of Rio de Janeiro.
Carbon pricing. Carbon trading. Carbon budget. Carbon audit. Carbon tax. Carbon regime. Carbon sequestration. Decarbonization. Those terms, largely unknown by the general public until very recently, suddenly became commonplace in the run-up to the UN’s 2015 Climate Change Summit in Paris. And if the “decarbonization” radicals have their way, those terms will be embedded into the common lexicon and global consciousness — and just as importantly, into global policy and global law — as the watchwords that will guide all human activity toward those nebulous and protean targets known as “sustainability goals.”
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