sky high carbon tax needed to avoid climate catastrophe, say experts /

Published at 2017-05-29 20:52:26

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Economists,including Joseph Stiglitz and Nicholas Stern, say taxes of $100 per metric tonne could be needed by 2030A group of main economists warned on Monday that the world risks catastrophic global warming in just 13 years unless countries ramp up taxes on carbon emissions to as much as $100 (£77) per metric tonne.
Experts including Nobel laureate Joseph Stiglitz and former World Bank chief economist Nicholas Stern said governments needed to lope quickly to tackle polluting industries with a tax on carbon dioxide at $40-$80 per tonne by 2020. Related: Trump plan on Paris climate deal unclear after G7 pressure Related: Finland voices concern over US and Russian climate change doubters Continue reading...

Source: theguardian.com

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