World Leaders Discuss Proposals for a Carbon Tax at Davos

Singapore’s President Tharman Shanmugaratnam has called for a global carbon tax as a solution to the destructive potential of man-made climate change during a panel discussion at the recent World Economic Forum (WEF) in Switzerland. Climate change occurs naturally on Earth and has for over hundreds of millions of years, being marked by both gradual and sudden changes like the coming and going of ice ages. However, many researchers believe that our industrialized societies—which have learnt to burn coal, oil, and gas for energy—are releasing greenhouse gasses that they fear will heat the earth in a manner that causes shifts to climate that are faster than our civilization can handle....