IMF: Why Countries Must Cooperate on Carbon Prices

An international floor price for carbon could speed the world’s transition to green energy without compromising countries’ competitiveness.

 
Recent surges in food and fuel costs are hurting households everywhere. The global spike in energy prices since Russia’s invasion of Ukraine underscores the need to transition away from dependence on energy sources that are subject to recurrent disruptions. The war has also impacted food security, which is already under pressure from crop failures and extreme weather events due to higher temperatures. These developments make clear the importance of accelerating a green transition that would limit further temperature rises, while protecting vulnerable groups who are most dependent on high-carbon fuels and jobs.

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Πηγή: blogs.imf.org