High greenhouse gas emitters should pay for carbon they produce, says IMF

High greenhouse gas emitters should pay for carbon they produce, says IMF

Companies should be subject to globally agreed carbon floor price to reach Paris climate goals

Companies with high greenhouse gas emissions should be subject to a carbon price of $75 a tonne of carbon dioxide, the International Monetary Fund has said, as a way of reaching the goals of the Paris climate agreement.

A carbon floor price would mean that companies, including energy generators and heavy industries, would have to pay for the carbon they produce. At present, many countries and regions have their own carbon pricing systems, but there is no globally agreed carbon price.

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