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International Monetary Fund recommends a carbon price, for the economy as well as for the climate

Observer 18th Oct 2020, In its latest world economic outlook, the IMF revealed that acting on
climate change will actually help us deal with the recession. Acting on
climate change boosts growth in the short term and massively prevents
economic destruction later.
The outlook noted that at the current rate,
global temperatures will increase “well above the safe levels agreed to
in the Paris agreement, raising the risk of catastrophic damage for the
planet.” the IMF report is not all doom and gloom – it actually
proposes a way out – a carbon price.
We need a price on carbon, and we
need massive investment. Together they can prevent catastrophic climate
change while also getting us out of a recession. Win-win. And no political
party has any excuse not to act.

October 19, 2020 - Posted by | 2 WORLD, business and costs, climate change

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