World Economic Forum says taxing carbon emitters would cost less than economic fallout from climate crisis
The IMF scheme proposes that companies with high greenhouse gas emissions pay for every tonne of carbon dioxide emitted.The IMF scheme proposes that companies with high greenhouse gas emissions pay for every tonne of carbon dioxide emitted.Creating an international price for carbon emissions could reduce global greenhouse gases by 12% at a cost of less than 1% of global GDP, according to a new report from the World Economic Forum and PwC.
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