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IMF Pushes for Higher Energy Taxes to Fight Climate Change

IMF Pushes for Higher Energy Taxes to Fight Climate Change

Energy prices should reflect the harmful and environmental side effects of using fossil fuels, particularly damage such as climate change and air pollution, the International Monetary Fund said in a book published Thursday. The IMF book “Getting Energy Prices Right: From Principle to Practice“argues energy prices in many countries are too low … Read more »

IMF: Ending Fossil Fuel Subsidies Could Cut CO2 13%

IMF: Ending Fossil Fuel Subsidies Could Cut CO2 13%

Eliminating fossil fuel subsidies worth $1.9 trillion worldwide would reduce CO2 emissions by 4.2 billion tons — a 13 percent reduction — and produce “major gains” for economic growth, according to an International Monetary Fund report. Energy Subsidy Reform – Lessons and Implications says subsidies for petroleum products, electricity, natural … Read more »