Lima: The time is right for governments to introduce taxes on carbon emissions, which would help fight global warming and raise badly needed revenue, IMF chief Christine Lagarde has said.
“It is just the right moment to introduce carbon taxes,” Lagarde
Lima: The time is right for governments to introduce taxes on carbon emissions, which would help fight global warming and raise badly needed revenue, IMF chief Christine Lagarde has said.
“It is just the right moment to introduce carbon taxes,” Lagarde said at the annual meetings of the International Monetary Fund and World Bank in Lima, Peru on Wednesday.
The issue is in the spotlight two months from a key United Nations conference in Paris tasked with delivering a comprehensive carbon-cutting pact to save the planet from the potentially catastrophic impact of global warming.
Besides discouraging pollution, Lagarde said, taxing greenhouse gas emissions would have the added bonus of helping governments boost their revenues at a time when many countries have dipped heavily into their “fiscal buffers” to get through a prolonged rough patch for the global economy.
“Finance ministers are lookin