Some of the world’s most eminent economists have warned carbon prices will have to jump dramatically if the planet can hope to avoid dangerous levels of global warming. According to a report released yesterday by the High-Level Commission on Carbon Prices, which is backed by the World Bank and the International Monetary Fund, a carbon price of up to $40-$80 by 2020, and $50-$100 per tonne by 2030, will be needed to meet the world’s climate goals in the most cost-effective manner.
Business Green 30th May 2017 read more »
Economists, including Joseph Stiglitz and Nicholas Stern, say taxes of $100 per metric tonne could be needed by 2030. A group of leading economists warned on Monday that the world risks catastrophic global warming in just 13 years unless countries ramp up taxes on carbon emissions to as much as $100 (£77) per metric tonne. Experts including Nobel laureate Joseph Stiglitz and former World Bank chief economist Nicholas Stern said governments needed to move quickly to tackle polluting industries with a tax on carbon dioxide at $40-$80 per tonne by 2020. A tax of $100 a tonne would be needed by 2030 as one of a series of measures to prevent a rise in global temperatures of 2C.
Guardian 29th May 2017 read more »
Independent 30th May 2017 read more »
