opec, sustainability, sustainable development, oil, sink tax
OPEC is in the business of natural resources which inherently connects them to the concept of sustainable development. The main focus of this research is to answer the following question: Does OPEC have the power to implement measures consistent with the concept of sustainable development? During the course of this research, the paper Sustainable Development and OPEC, by Herman E. Daly, was uncovered. Daly proposes a sink tax to be implemented by OPEC. This would act as a global fiduciary which would, in theory, bring the consumption level of oil down to a more sustainable level by raising the price and lowering the demand. The research in this paper finds that Dalys speculative idea, while interesting, is unrealistic; the idea is not feasible given OPECs stated goals. In addition, there are ethical considerations concerning a conflict of interest on a global and local scale.
Goodlaw, Matthew; Nixon, Jessica; and Alexander, Paul
"Organization of the Petroleum Exporting Countries (OPEC) and Opportunities for Sustainable Development,"
Culture, Society, and Praxis: Vol. 1:
2, Article 5.
Available at: https://digitalcommons.csumb.edu/csp/vol1/iss2/5