Now 'right moment' for carbon tax: IMF chief

IMF Managing Director Christine Lagarde (L) and World Bank President Jim Yong Kim (R) participate in a panel discussion on climate change on October 7, 2015 in Lima, PeruThe time is right for governments to introduce taxes on carbon emissions, which would help fight global warming and raise badly needed revenue, IMF chief Christine Lagarde said Wednesday. “It is just the right moment to introduce carbon taxes,” Lagarde said at the annual meetings of the International Monetary Fund and World Bank in Lima, Peru. The issue is in the spotlight two months from a key United Nations conference in Paris tasked with delivering a comprehensive carbon-cutting pact to save the planet from the potentially catastrophic impact of global warming.

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