I.M.F. AND WORLD BANK IN MAJOR PUSH FOR U.N.-COORDINATED CARBON PRICING

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23 april 2016

Carbon Pricing Becomes a Cause for the World Bank and I.M.F.

By CORAL DAVENPORT The New York Times APRIL 23, 2016

The World Bank and International Monetary Fund are pressing governments to impose a price tag on planet-warming carbon dioxide emissions, using economic leverage and technical assistance that institutions like the United Nations cannot muster.

The campaign by two of the largest international lenders comes as world leaders have begun to sign the Paris agreement on climate change, the United Nations accord that is supposed to commit nearly every country to take action to reduce emissions of greenhouse gases. The document opened for signatures on Friday and will remain open for a year.

But the leaders of the World Bank, the I.M.F. and other major global institutions say cutting emissions enough to stave off the worst effects of climate change will not be possible unless all fossil fuel polluters are forced to pay for the carbon dioxide they emit.

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