(MENAFN- ValueWalk)
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PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia discussed the future of carbon taxing and the potential of a green economy.
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Q2 2021 hedge fund letters, conferences and more
Interview With Value Fund Shah Capital
This is part one of a three-part interview with Himanshu H. Shah President and Chief Investment Officer of Shah Capital. The interview is part of ValueWalk's Value Fund Interview Series. Throughout this series, we are publishing weekly interviews with value-oriented hedge funds, and asset managers. All the past interviews in the series can be found here. Shah Read More
The Future Of Carbon Taxing
Celia stated,“Back in 2009, one of the most dangerous bills that was ever presented was the American Clean Energy and Security Act. The Organization for Economic Cooperation and Development is now starting to back proposals that recognize that countries have different green policies . They are looking for carbon prices that they hope will prevent trade wars from erupting between countries with different green policies. There's no doubt that trade wars are going to erupt because the international market is so set on pushing forward with carbon prices. There are a lot of politicians and a lot of elitists that are going to become billionaires.
“Of course, the upside to that,” Celia continued,“is that it will give some justification to keep drilling and keeping fossil fuel a reality—something that we need as the left is trying to shut it all down at the very same time. The reality is that we are nowhere near prepared to be able to handle a green economy. We will get there, but it will be on the back of carbon fuel.
“Also, we're going to continue to see a flat line of high inflation right now, at least for the time being, until the economy begins to pick up and supply chain disruptions and bottlenecks continue to ease.”
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