CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. IMF Pushes Carbon Taxes After Paris COP21 Conference

IMF Pushes Carbon Taxes After Paris COP21 Conference

by Mike Godfrey, Tax-News.com, Washington

14 January 2016


Governments should prioritize the use of carbon pricing systems, including taxes, in their efforts to reduce carbon emissions, the International Monetary Fund (IMF) said in a recent report.

A new report from the IMF, After Paris: Fiscal, Macroeconomic, and Financial Implications of Climate Change, says carbon pricing systems are potentially the most effective carbon emission mitigation instruments, are straightforward to administer, raise revenues, and encourage technological changes towards low-emission investments.

The Fund said that the case for carbon taxes over other instruments can be particularly strong in developing economies. These countries may lack the capacity to enforce regulations and emissions trading schemes, potential markets may be thin, and energy taxes may be a relatively effective way of raising revenue from hard-to-tax enterprises, it said.

TAGS: environment | tax | investment | economics | fiscal policy | energy | gross domestic product (GDP) | International Monetary Fund (IMF) | China | environmental tax | manufacturing | carbon tax | regulation

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 

Log into Tax-News+
Not registered yet? Find out about our daily news alert service »

 Email: 
 Password: 

Login »

Forgotten your password?







Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »