International Monetary Fund

Carbon tax endorsed by IMF and OECD

We have seen it quite a few times in the previous months : taxing carbon is a good idea as it already works in Australia, Ireland and British Columbia. Emissions reductions have been quite noticeable in all cases. As a result, more countries will follow suit, such as the People’s Republic of China, South Africa …

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Global fossil fuels subsidies total $1.9 Trillion

Yes, you read that right. According to a new report from the International Monetary Fund, governments around the world are giving in direct and indirect aids up to 1,900 billion USD ( 1,500 billion euros ) to fossil fuels subsidies each year. This total to 2.5 percent of global GDP. More importantly, ending those subsidies …

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