Statist retards at the IMF, World Bank push for price on carbon

The leaders of the International Monetary Fund, World Bank and United Nations on Friday called upon finance ministers to use fiscal policies, such as carbon taxes, to combat climate change.

Statist retards at the IMF, World Bank push for price on carbon ZAH_lagarde_LW-20140406232842446918-620x349

Statist retards at the IMF, World Bank push for price on carbon ZAH_lagarde_LW-20140406232842446918-620x349

IMF Managing Director Christine Lagarde and World Bank President Jim Yong Kim were joined by UN Secretary General Ban Ki-Moon at their 2014 spring meetings to address a group of 46 finance ministers and senior officials on policies to reduce greenhouse gas emissions.

Lagarde said their goal was to explain to ministers and officials what fiscal tools they can use that would benefit the environment while stimulating global economies.

She said she would discuss how to shift taxation from the traditional labour and investment base "to a base that is environmentally correct," she told reporters ahead of the meeting.

Lagarde said carbon taxes and removing fossil fuel subsidies are "intelligent" ways to reallocate resources to benefit the environment.

Read more: http://www.smh.com.au/business/carbon-economy/imf-world-bank-push-for-price-on-carbon-20140412-36jg7.html#ixzz2yiPAZf4O

Statist retards at the IMF, World Bank push for price on carbon

Statist retards at the IMF, World Bank push for price on carbon

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