The IMF Supports A Price On Carbon

Last week, a new study from the International Monetary Fund found that “a global tax of $75 per ton by the year 2030 could limit the planet’s warming to 2 degrees Celsius (3.6 degrees Fahrenheit),” the Washington Post reported. The Energy Innovation Act would exceed that price by that year.

The reporters also noted a carbon price that high would “generate revenue equivalent to 1 percent of gross domestic product, an enormous amount of money that could be redistributed and, if spread equally, would end up being a fiscally progressive policy, rather than one disproportionately targeting the poor.” Since the Energy Innovation Act allocates the carbon fee revenue as a monthly dividend, the bill checks this box too.

CCL’s Global Strategy Director, Joe Robertson, (featured speaking to the left on this image) has given presentations on carbon fee and dividend to the IMF in recent years, helping to advance the organization's awareness and support of this policy.

This news was also covered by TIME, CNBC,  and The Guardian. If you’d like to share the news on social media, we recommend sharing CCL’s Twitter post, or use it for inspiration to create your own on Facebook. 

For more information see this helpful IMF page on climate change and carbon pricing.