WASHINGTON (AN) — The International Monetary Fund recommended on Thursday that the world adopt a steep global tax on carbon emissions within a decade as the most effective way to reduce heat-trapping gases and slow global warming.
The IMF report said imposing a global tax that rises to US$75 per ton of carbon emissions by 2030 could reduce carbon emissions by 35% over the next decade. That would help limit the planet's global average temperatures to an increase of 2 degrees Celsius above pre-industrial levels — about 1 degree C. more than now — in line with the 2015 Paris Agreement.
