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6/18, 9:25 PM (Source: TeleTrader)
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IMF proposes increasing global carbon pricing

The International Monetary Fund proposed on Friday that companies producing high amounts of greenhouse gas emissions pay $75 per tonne of carbon dioxide, so that the Paris Agreement goals are reached by 2030.

"Between one quarter and one half. That's how much carbon dioxide (CO2) and other greenhouse gases must fall over the next decade to keep alive the goal of restricting global warming to below 2°C. The fastest and most practical way to achieve this is by creating an international carbon price floor arrangement," the IMF noted in a statement.

This proposal and other issues related to climate change are set to be discussed at the 26th United Nations Climate Change Conference scheduled to take place in November under the presidency of the United Kingdom.

Breaking the News / ND