29 May '17, 5pm

Leading Economists Conclude A Strong Carbon Price Is Vital To Meeting Global Climate Goals

Leading Economists Conclude A Strong Carbon Price Is Vital To Meeting Global Climate Goals

A group of 13 of the world’s leading economists from nine developing and developed countries were convened as part of a High-Level Commission on Carbon Prices by the Carbon Pricing Leadership Coalition at Marrakesh in 2016, and their work was supported by the Government of France and the World Bank Group. The results of their work was published this week and concluded that countries must work towards the goal of implementing a strong carbon price in the range of $40 to $80 per tonne of CO2 by 2020, and $50 to $100 per tonne by 2030, with the authors of the report explaining that “A well-designed carbon price is an indispensable part of a strategy for reducing emissions in an efficient way.”

Full article: https://cleantechnica.com/2017/05/29/leading-economist-co...

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