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.
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.