Word: voluntaryism
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The Consumer Electronics Association argues the proposed regulations will result in a loss of sales and jobs. "We think this is the wrong paradigm to actually achieve energy efficiency," said Doug Johnson, senior director for technology policy for the industry association. "The commission is carelessly rushing its own plan which...
The initiative is the brainchild of Philippe Douste-Blazy, a former French Foreign Ninister who is now a U.N. Under Secretary charged with finding innovative ways to finance projects. He runs an agency called UNITAID that is attached to the World Health Organization and already channels funds to fight disease...
Crucially, he has managed to win over key players in the travel industry. Airlines and others have long been skeptical about attempts by France and some others to levy compulsory taxes on airline tickets to pay for development aid. But the reception to this initiative has been friendly, because the...
Consumers in nations that already have such official taxes won't be included in the first phase of the voluntary contribution. If the initiative proves successful, though, expect it to expand. As for the size of the suggested contribution, Douste-Blazy says it was kept at a modest $2 so...
The original version of this story misstated that the Bill and Melinda Gates Foundation will be receiving money from the new airline-ticket voluntary surcharge to help fund development projects.