WASHINGTON (AN) — The International Monetary Fund recommended that the world adopt a steep global tax on carbon emissions within a decade as the most effective way to reduce heat-trapping gases and slow global warming.
The IMF report on Thursday said carbon emissions could be cut by 35% over the next decade through a $75 per ton tax. That would help limit the planet's global average temperatures to an increase of 2° Celsius above pre-industrial levels — about 1° C. more than now — in line with the 2015 Paris Agreement.
