$4trn carbon tax bill needed to meet climate crisis, says Refinitiv

Investment Europe | Jan 21, 2020 at 12:58 PM
  • Refinitiv, the data and services provider, has suggested a global carbon tax bill of $4trn will be required to meet proposals from the IMF around tackling climate change.
  • The $4trn figure is equivalent to about 4% of global GDP, Refinitiv adds.
  • A tax at $28/tonne levied on the full 55 gigatonnes of emissions would raise an estimated $1.5trn.