{"id":589087,"date":"2021-07-12T14:51:38","date_gmt":"2021-07-12T18:51:38","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=589087"},"modified":"2021-07-12T14:51:41","modified_gmt":"2021-07-12T18:51:41","slug":"g20-endorses-fossil-fuel-reduction-through-carbon-pricing","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/g20-endorses-fossil-fuel-reduction-through-carbon-pricing\/","title":{"rendered":"G20 Endorses Fossil Fuel Reduction Through \u2018Carbon Pricing\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fg20-endorses-fossil-fuel-reduction-through-carbon-pricing%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=589087&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-295.jpeg?w=1200&amp;h=800&amp;ixlib=react-9.0.3\" class=\"ff-og-image-inserted\" \/><\/div>\n<p><span>Over the weekend, G20 finance ministers touted the need to discourage fossil fuel use.<\/span><\/p>\n<p><span>Members of the G20 \u2014 an international organization composed of the United States, China, Germany, South Korea, the United Kingdom, and fourteen other top economies, plus the European Union \u2014 recently met to discuss climate change, taxation, and other global economic issues.<\/span><\/p>\n<p><span>A <\/span><a href=\"https:\/\/home.treasury.gov\/news\/press-releases\/jy0269\"><span>communiqu\u00e9<\/span><\/a><span> from the G20 finance ministers stressed the importance of \u201ccarbon pricing\u201d in moving away from fossil fuels:<\/span><\/p>\n<blockquote readability=\"14\">\n<p><i><span>Tackling climate change and biodiversity loss and promoting environmental protection remain urgent priorities\u2026 This mix should include a wide set of tools, such as investing in sustainable infrastructure and innovative technologies that promote decarbonisation and circular economy, and designing mechanisms to support clean energy sources, including the rationalisation and phasing-out of inefficient fossil fuel subsidies that encourage wasteful consumption and, if appropriate, the use of carbon pricing mechanisms and incentives, while providing targeted support for the poorest and the most vulnerable.<\/span><\/i><\/p>\n<\/blockquote>\n<p><span>The group encouraged International Financial Institutions \u2014 which include the International Monetary Fund, World Bank, and African Development Bank \u2014 to pursue alignment with the Paris Agreement \u201cwithin ambitious timeframes.\u201d<\/span><\/p>\n<p><a href=\"https:\/\/www.reuters.com\/business\/sustainable-business\/g20-recognizes-carbon-pricing-climate-change-tool-first-time-2021-07-10\/\"><span>Reuters<\/span><\/a><span> reports that the G20 has never before jointly adopted such a policy:<\/span><\/p>\n<blockquote readability=\"13\">\n<p><i><span>G20 finance leaders recognized carbon pricing as a potential tool to address climate change for the first time in an official communique on Saturday, taking a tentative step towards promoting the idea and coordinating carbon reduction policies.<\/span><\/i><\/p>\n<p><i><span>The carbon pricing mention on Saturday marks the influence of the Biden administration, which immediately rejoined the Paris agreement in January and has set out ambitious carbon reduction targets and clean energy and transportation investment plans.<\/span><\/i><\/p>\n<\/blockquote>\n<p><span>Indeed, the Biden administration also <\/span><a href=\"https:\/\/www.dailywire.com\/news\/g20-leaders-back-bidens-global-minimum-tax\"><span>drove<\/span><\/a><span> the G20 to support a \u201cglobal minimum tax\u201d of at least 15% on corporations. United States Treasury Janet Yellen asserted that \u201cwe need to put an end to corporations shifting capital income to low tax jurisdictions, and to accounting gimmicks that allow them to avoid paying their fair share.\u201d<\/span><\/p>\n<p><span>Domestically, the Biden administration considers addressing climate change as a core policy priority. For example, President Biden stated during a <\/span><a href=\"https:\/\/www.dailywire.com\/news\/watch-biden-tells-college-graduates-that-systemic-racism-climate-change-like-vietnam-war\"><span>speech<\/span><\/a><span> to college graduates that climate change is a national challenge akin to the Vietnam War: \u201cWe faced an inflection point, and we did our best to seize that moment because things were changing so rapidly\u2026 As we put this pandemic behind us, rebuild our economy, root out systemic racism, and tackle climate change, we\u2019re addressing the great crises of our time with a greater sense of purpose than ever before.\u201d<\/span><\/p>\n<p><i><span>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <\/span><\/i><a href=\"https:\/\/www.dailywire.com\/subscribe\"><i><span>member<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the weekend, G20 finance ministers touted the need to discourage fossil fuel use.Members of the G20 \u2014 an international organization composed of the United States, China, Germany, South Korea, &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2314500,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-295.jpeg?w=1200&h=800&ixlib=react-9.0.3","fifu_image_alt":"G20 Endorses Fossil Fuel Reduction Through \u2018Carbon Pricing\u2019","footnotes":""},"categories":[],"tags":[],"class_list":["post-589087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-295.jpeg?w=1200&h=800&ixlib=react-9.0.3","fifu_image_alt":"G20 Endorses Fossil Fuel Reduction Through \u2018Carbon Pricing\u2019","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/589087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=589087"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/589087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2314500"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=589087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=589087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=589087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}