IMF, World Bank eye global carbon tax on fuels

Source: SMH

The World Bank and IMF are proposing global carbon taxes on aviation and ship fuels in developed economies – including Australia –  to help reduce carbon dioxide emissions, according to a draft proposal seen by AFP on Friday.

The proposal suggests an international charge on aviation and maritime bunker fuels of $US25 per ton of CO2, which it said would “reduce CO2 emissions from each sector by around five to 10 per cent”.

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