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IMF: $75 Per Ton Carbon Price Needed by 2030 to Meet Climate Challenge
Economists have long agreed that the most effective way to meet the climate challenge is to put a price on greenhouse gas emissions, and a new study from the International Monetary Fund says that price should be $75 per ton by 2030. The detailed analysis, published Thursday, acknowledges that such a price will drive up energy costs associated with fossil fuels, but it concludes that the money could be used to generate billions of new jobs if properly deployed.
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