IMF head says world must come to grips with climate change costs

Posted by colin.hargreaves@aoc.org.au on June 17, 2014 at 12:40 AM

CBC news, 10 June.

Christine Lagarde says don't wait for new targets, start carbon tax or other measures now.

 

"While Stephen Harper was congratulating Australian Prime Minister Tony Abbott yesterday for ending a carbon tax, the head of the IMF was in Montreal urging energy powerhouses like Canada to come to grips with the economics of climate change.

 

International Monetary Fund managing director Christine Lagarde urged economists and central bankers from around the world not to wait for the next round of climate change talks to take action to protect the environment.

 

All countries need to put mechanisms in place – whether a carbon tax or a cap and trade system – to pay for the effects of pollution, she said at the conference of the International Economic Forum of the Americas in Montreal. She urged countries not to wait for a new round of talks on global warming, but to start building these costs into their economic systems now."

Read More - http://www.cbc.ca/news/business/imf-head-says-world-must-come-to-grips-with-climate-change-costs-1.2670936

Categories: What We Can Do - Mitigation, Big Picture - International, News Items

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