Companies with high greenhouse gas emissions should be subject to a carbon price of $75 a tonne of carbon dioxide, the International Monetary Fund has said, as a way of reaching the goals of the Paris climate agreement. A carbon floor price would mean that companies, including energy generators and heavy industries, would have to pay for the carbon they produce. At present, many countries and regions have their own carbon pricing systems, but there is no globally agreed carbon price. The IMF urged the G20 countries, made up of the world’s most developed and developing economies, to adopt a carbon floor price for their industries, as the quickest way of reaching net zero emissions.
Guardian 18th June 2021 read more »