The following article is based on an essay I submitted for my Sustainable Energy Solutions Certificate I am doing at Pinchot University as part of my MBA in Sustainable Business.
$5.3 trillion (or 4.7 trillion euros) : those are staggering figures as they amount to $10 million every single minute. The figures come from the International Monetary Fund, so one can be pretty sure of them.
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… Continue reading Carbon tax endorsed by IMF and OECD
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… Continue reading Global fossil fuels subsidies total $1.9 Trillion