Fiscal Policy for the Climate at Heart of Flagship IMF Publication

A statement from World Resources Institute's Leonardo Martinez-Diaz responding to the September 2019 IMF Fiscal Monitor, which advocates for carbon pricing as a primary tool for climate change mitigation.

• The IMF's September 2019 Fiscal Monitor identifies carbon pricing as the most effective fiscal tool for mitigating climate change, noting that it could prevent 725,000 premature deaths from air pollution in G20 countries by 2030 and increase jobs and profits for businesses adopting new technologies.
• There is a significant gap between current carbon pricing and the levels required to limit global warming to 2°C, with the current global average carbon price standing at $2 per ton.
• The World Resources Institute suggests that the IMF should increase resources to help governments design carbon pricing and explore the harmonization of price floors across different countries.

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} }