It’s a wonderful thing that the leaders of the G20 nations, and their huge posses, flew into Rome ahead of the climate conference in Scotland to talk about how they are going to control your lives and take more of your money. But, remember, ‘climate change’ is totally about science, not politics
Climate, COVID and corporate tax on the G-20 agenda in Rome
The leaders of the world’s economic powerhouses on Saturday took part in the first in-person summit since the coronavirus pandemic, with climate change, COVID-19 economic recovery and the global minimum corporate tax rate on the agenda.
Italian Premier Mario Draghi welcomed the Group of 20 heads of state to Rome’s Nuvola cloud-like convention center in the Fascist-era EUR neighborhood, which was sealed off from the rest of the capital. Saturday’s opening session was focused on global health and the economy, with a meeting on the sidelines among U.S. President Joe Biden, German Chancellor Angela Merkel, French President Emmanuel Macron and UK Prime Minister Boris Johnson to discuss next steps on Iran’s nuclear program. (snip)
On the eve of the meeting, U.N. Secretary-General Antonio Guterres warned that the Glasgow meeting risked failure over the still-tepid commitments from big polluters, and challenged the G-20 leaders to overcome “dangerous levels of mistrust†among themselves and with developing nations.
“Let’s be clear — there is a serious risk that Glasgow will not deliver,″ Guterres told reporters in Rome.
A recent U.N. environment report concluded that announcements by dozens of countries to aim for “net-zero†emissions by 2050 could, if fully implemented, limit a global temperature rise to 2.2 degrees Celsius (4 F). That’s closer but still above the less stringent target agreed in the Paris climate accord of keeping the temperature increase to well below 2 degrees Celsius (3.6 F) compared with pre-industrial times.
Oh, good, people with carbon footprints way bigger than the average 1st World citizen want to lecture and make deals which will effect the Little People.
The G-20, though, will likely be a celebration of one agreement, on a global minimum corporate tax. The G-20 leaders are expected to formally affirm their commitment to establishing a 15% global minimum corporate tax rate by 2023, a measure aimed at preventing multinational companies from stashing profits in countries where they pay few or no taxes.
Guess what? Cost of goods will go up. Fewer people will be hired. They will make less charitable contributions, spread less money out. They know this, and don’t care. It’s a great talking point, ie “we’ll tax these big companies and give you all sorts of Free Stuff”, but, it never works out like portrayed.
Read: What’s On The G20 Docket? Climate Crisis (scam), COVID, And Taxes »