$4trn carbon tax bill needed to meet climate crisis, says Refinitiv

Jonathan Boyd
clock • 1 min read

Refinitiv, the data and services provider, has suggested a global carbon tax bill of $4trn will be required to meet proposals from the IMF around tackling climate change. The figure is based on the suggestion that carbon taxes wll need to rise to $75/tonne of CO2, which the IMF has said is needed to limit global temperature increases to 2 degrees Centigrade. The $4trn figure is equivalent to about 4% of global GDP, Refinitiv adds. But for certain companies, it implies a much bigger shar...

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Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.