Carbon tax could create 14 million jobs

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The International Labour Organisation says carbon tax revenues could help create 14 million jobs by 2014.

Geneva -- Revenues from a carbon tax on emissions could be used to help create 14 million jobs by 2014, a report by the UN labour agency said Monday.

"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 labour taxes, then employment would rise by 0.5 percent by 2014," the report on the global jobs crisis said.

The International Labour Organisation 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 USD 30 (CHF 30) per tonne 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 Monday in Copenhagen.

AFP / Expatica

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