Fiscal Policy for the Climate at Heart of Flagship IMF Publication

The World Resources Institute (WRI) endorses the IMF's Fiscal Monitor report, which identifies carbon pricing as the most efficient tool for climate mitigation. The WRI highlights the report's finding that carbon pricing could prevent 725,000 premature deaths from air pollution in G20 countries by 2030, while noting that the current global average carbon price of $2 per ton is insufficient to limit warming to 2°C.

• The IMF identifies carbon pricing as the most powerful and efficient fiscal tool for mitigating climate change.
• Implementing carbon pricing could result in 725,000 fewer premature deaths caused by air pollution in G20 countries by the year 2030, while simultaneously increasing jobs and profits for businesses adopting new technologies.
• The current global average price of carbon is $2 per ton, which is considered inadequate for maintaining global warming below 2°C.

APA

Martinez-Diaz, L. (2019). Fiscal Policy for the Climate at Heart of Flagship IMF Publication. World Resources Institute. https://www.wri.org/news/statement-fiscal-policy-climate-heart-flagship-imf-publication

Chicago

Martinez-Diaz, Leonardo. Fiscal Policy for the Climate at Heart of Flagship IMF Publication. World Resources Institute, 2019. https://www.wri.org/news/statement-fiscal-policy-climate-heart-flagship-imf-publication.

Wikipedia

{{cite press release |last1=Martinez-Diaz |first1=Leonardo |title=Fiscal Policy for the Climate at Heart of Flagship IMF Publication |publisher=World Resources Institute |date=9 October 2019 |url=https://www.wri.org/news/statement-fiscal-policy-climate-heart-flagship-imf-publication |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martinezdiaz2019fiscal, author = {Martinez-Diaz, Leonardo}, title = {{Fiscal Policy for the Climate at Heart of Flagship IMF Publication}}, publisher = {World Resources Institute}, year = {2019}, month = oct, url = {https://www.wri.org/news/statement-fiscal-policy-climate-heart-flagship-imf-publication}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }