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IMF official: Global carbon price floor would make border taxes a non-issue

July 22, 2021 at 10:12 AM
A proposal under discussion at the International Monetary Fund to price carbon in countries around the world based on their level of development would obviate the need for carbon border adjustment measures, IMF Managing Director Kristalina Georgieva said on Wednesday. Amid recent proposals for carbon border adjustment measures from the European Union and Democratic lawmakers in the U.S., IMF staff have been developing what Georgieva called an alternative proposal: a global carbon price floor with graduated pricing to accommodate varying...

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