“We believe that carbon price has the potential of raising revenues in a way that is both equitable because the more you consume, the more you pollute, the more you pay,” she said.
Kristalina Georgieva, the head managing director of the International Monetary Fund (IMF), revealed the IMF very much wants governments to implement carbon taxes – a progressive tax that would charge civilians based on how much they pollute.
The IMF chief revealed this framework during an open forum in Dubai for COP28, with Ajay Banga, President of the World Bank Group, and hosted by Pilita Clark, a lead writer for the Financial Times.
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