Carbon pricing key to reducing global emissions, says IMF

by MMC
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Higher temperatures And more intense storms have not changed the fundamental challenge of climate policy: countries around the world must find politically feasible ways to reduce their emissions to zero without taking on crushing debt.

The latest edition of the International Monetary Fund’s semi-annual report Financial Monitor calls this dilemma a “trilemma.” According to the authors, this problem can be solved through targeted policies anchored in some version of carbon pricing, a tool traditionally favored by economists. The report comes ahead of the IMF’s annual meeting, which will be held this month in Marrakech, Morocco.

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