Economists seek $100 carbon tax by 2030 to fight climate change
Carbon taxes of up to $100 per metric tonne are essential by 2030 if the world is to avoid catastrophic global warming, says a report by economists including Nobel laureate Joseph Stiglitz and former chief economist for the World Bank, Nicholas Stern. The report, produced by the High Level Commission on Carbon Prices, which is supported by the World Bank and International Monetary Fund, calls on governments to introduce a tax on carbon dioxide of between $40-$80 per tonne by 2020. Poorer countries could introduce lower taxes to reflect the vulnerability of their economies.
Report of the high-level commission on carbon prices Interview with Co-Chairs of the High-Level Commission on Carbon Prices.