Published: October 10, 2019
Fund says tax more cost-effective in mitigating climate crisis than ‘feebate’ models
Australia will fail to meet its Paris agreement emissions reduction target even with a carbon price of US$75 a ton, the International Monetary Fund has warned.
The IMF made the observation in a report on mitigating climate change which concluded that a carbon tax is still a more cost-effective solution than “feebate” models, which impose fees on activities with above-average emissions and subsidise those with below-average emissions.
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