IMF wants carbon tax on shipping and aviation

Ron Aldof Tue, 01/12/2016 - 14:20

"THE International Monetary Fund (IMF) has called for carbon taxes to be introduced for both shipping and aviation to help reduce global greenhouse gas emissions." 

Who gets the tax money? The IMF? The UN? They never really say where this money would go?


 The paper comes after the Paris Agreement on climate change struck last month. Photo: PA


"The IMF says there is an "immediate" need to recognize that fiscal policies will help reduce emissions, as at the "heart of the climate change problem" is the fact that firms and households are not charged for the environmental damage caused by burning fossil fuels.


The staff discussion note, 'After Paris: Fiscal, Macroeconomic and Financial Implications of Climate Change', also says that carbon pricing - which is already in use in Ireland - should be "front and centre" in helping to drive reductions in carbon output."


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#IStandWithRandAndLiberty! Let's get back to Liberty and Freedom. Trump is working with the Establishment.