IMF Report on Fiscal Policy to Mitigate Climate Change

Commodities , CSR in purchasing , Economic Indicators , Energy , Greening the Supply Chain , What's Happening in Our Profession Jun 21, 2012 No Comments

Co2 taxIMF helps make carbon pricing the new normal.

Europe does it. Australia does it. Even northeastern-situated states do it. Everyone’s doing it. Let’s do it. Let’s tax carbon.

For me, that is an important message in IMF Managing Director Christine Lagarde’s historic speech yesterday and in the release of a new IMF primer on how to raise the price of greenhouse gas pollution.

This is an interesting response to a recent report released by the International Monetary Fund on Fiscal Policy to Mitigate Climate Change Fiscal Policy to Mitigate Climate Change.

The IMF is no environmental agency but has weighed into the climate change debate arguing for the benefits of fiscal policies.
The world needs strategies for adapting to the medium- and long-term consequences of climate change, and these have fiscal implications. Most pressing, however, is the need for appropriate policies to “mitigate”—that is, to limit—greenhouse gas (GHG) emissions.

It will interesting to see how the carbon tax policy debate continues in North America and to see how industries respond.

via IMF Helps Make Carbon Pricing the New Normal | David Roodman | Global Development: Views from the Center.

Tom Bowers

Tom is an environmental and life cycle analyst and a supply-management advocate. He believes that Purchasers are in a great position to deliver sustainability goals and objectives for all types of organization. He has worked for over 10 years in Policy and Research in government, the 3rd sector and private sector. More importantly, he has a wealth of ideas to share with the supply chain profession.

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