The world must put a price on carbon

The authors advocate for the global adoption of carbon pricing—including taxes, fees, and emissions-trading programs—to drive the transition to a cleaner economy. They emphasize that such policies should be comprehensive, stable, and accompanied by social safety nets to protect vulnerable populations. The text highlights the role of the IMF and World Bank in supporting these transitions and announces the creation of a 'Carbon Pricing Panel' to urge further adoption of these measures.

• Carbon pricing mechanisms, such as carbon taxes, fees, and emissions-trading programs, provide the predictability necessary for businesses and households to make long-term investments in climate-smart development.
• The International Monetary Fund (IMF) advocates for reforming fiscal systems to shift revenue generation away from taxes on labor and capital toward taxes on carbon-intensive fuels.
• Carbon pricing offers domestic health benefits by reducing outdoor air pollution, which the World Health Organization estimates causes approximately 3.7 million premature deaths annually.
• To prevent harm to the poor, energy-price reforms must be paired with adjustments to safety nets and fiscal systems.
• Carbon pricing is already in use by approximately 40 national governments, including China, as well as 23 cities, states, and regions, while over 400 companies utilize voluntary internal carbon pricing to manage climate risk.

APA

Lagarde, C., & Kim, J. Y. (2015). The world must put a price on carbon. World Economic Forum. https://www.weforum.org/stories/energy-transition/the-world-must-put-a-price-on-carbon/

Chicago

Lagarde, Christine, and Jim Yong Kim. The world must put a price on carbon. World Economic Forum, 2015. https://www.weforum.org/stories/energy-transition/the-world-must-put-a-price-on-carbon/.

Wikipedia

{{cite press release |last1=Lagarde |first1=Christine |last2=Kim |first2=Jim Yong |title=The world must put a price on carbon |publisher=World Economic Forum |date=20 October 2015 |url=https://www.weforum.org/stories/energy-transition/the-world-must-put-a-price-on-carbon/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{lagarde2015world, author = {Lagarde, Christine and Kim, Jim Yong}, title = {{The world must put a price on carbon}}, publisher = {World Economic Forum}, year = {2015}, month = oct, url = {https://www.weforum.org/stories/energy-transition/the-world-must-put-a-price-on-carbon/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }