International Monetary Fund (IMF) Managing Director Kristalina Georgieva called for a robust price on carbon to fight climate change, warning that without it, “we will not reach our climate stabilization goals”.
A robust price on carbon provides “a critical market signal” to producers and consumers in all sectors of the economy, Georgieva made the remarks at the Leaders Summit on Climate, virtually hosted by the United States on Thursday, Xinhua news agency reported.
“It has proven to advance investments in renewable energy, electric mobility, energy efficient buildings, reforestation and other climate friendly activities – with positive impact on growth and jobs, while reducing carbon emissions,” Georgieva said.
