IMF Says Glasgow Failures Renew Call For Tighter Near-Term GHG Goals

A top international financial institution is renewing calls for world leaders to set ambitious near-term greenhouse gas targets and impose either explicit or implicit carbon prices, arguing its advice floated before this year’s United Nations climate talks still holds true because officials did not make enough progress on those issues. During a Dec. 9 webinar, Simon Black, a climate mitigation economist with the International Monetary Fund (IMF), argued that many large developing countries at this year’s U.N. climate talks in...