Greenpeace International and a coalition of environmental organizations are calling on the United Nations Environment Programme (UNEP) to consider a new global carbon market.
The group has called on the agency to look into the possibility of a carbon price for carbon credits, an idea that has been mooted by countries around the world, including in India and Indonesia, that have been accused of polluting the planet.
The carbon market has been in the news in recent weeks amid the ongoing Paris climate accord.
The global carbon emissions are expected to rise as a result of this agreement.
But the United States is set to become the first country to ratify the agreement in the near future.
Greenpeace, along with the Sierra Club and other environmental groups, have said the Paris agreement is not binding, and instead can be changed through negotiation, but that it is not time to “cut the deal.”
A spokesperson for the group told The Wall St. Journal: “We’re asking the UNEP to seriously consider a carbon market and make sure the U.N. is acting in the best interests of the planet.”
We have to move beyond a ‘deal of the century’ with carbon emissions, says activist group The Climate March in New York on January 10, 2020.
Greenpeace says the Paris accord has been too lenient on countries that are not participating in it, but it has also been too strict on those that are.
The group says it will seek an end to the U-turns and to a “world-wide carbon price.”
It says a carbon tax is needed to offset the environmental damage that has occurred in the industrialized world.
In the past, the U,S.
and other developed nations have imposed “cap and trade” carbon taxes, which require companies to invest in reducing carbon emissions.
These taxes have largely failed to raise revenue.
“Instead of taking a step back, we need to act now, not wait for a future deal,” said Greenpeace campaigner Ben Emmerson, who is also a climate campaigner.
A carbon tax could bring in $10 billion a year, according to the United Nation’s Intergovernmental Panel on Climate Change (IPCC).
“We need a carbon pricing scheme to provide a real climate deal,” Emmenson said.