Category: Tax
What are the hidden costs from massive bond issuance for a green transition? What are the hidden costs from massive bond issuance for a green transition? What are the hidden costs from massive bond issuance for a green transition?
Dec 2nd, 2019
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At last global warming is at the top of the political agenda. On both sides of the Atlantic serious proposals are being made to re-engineer our economies in a way that seemed pure fantasy only a few years ago. But the costs involved are massive, and any consequent punitive taxation is an obvious vote-killer.
So, at a time of historically low interest rates, manifestos are now pledging to tap bond markets instead. This is in tune with some economists who say that current circumstances offer a "free ride," a painless opportunity for change. But can this really work? What are the hidden costs from massive bond issuance?"
Green issues are dominant as never before in the current UK election campaign. The ruling Conservative party boasts of its success in carbon emission reductions, and promises massive investment in offshore wind power.
Labour Party leader Jeremy CorbynThe opposition …