Climate Change Negotiations – UNFCCC, COP, Other Conventions and Protocols

Now ‘right moment’ for carbon tax: IMF chief

The time is right for governments to introduce taxes on carbon emissions, which would help fight global warming and raise badly needed revenue.

  1. Besides discouraging pollution, taxing greenhouse gas emissions would added bonus of helping governments boost their revenues at a time when many countries have dipped heavily into their “fiscal buffers”.
  2. Governments needs to tax carbon emissions rather than rely on emissions trading.
  3. Revenues from carbon taxes could contribute to rich nations’ funding target of USD 100 billion a year by 2020 to help poorer nations fight the impacts of climate change.

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