The International Monetary Fund is keen to see the price of carbon increase to give the "biggest possible incentive for decarbonization.” “That price needs to go up, up, up if we are to speed up decarbonization", said its Managing Director Kristalina Georgieva on November 4 while attending COP28 climate summit.
As a long-time supporter of carbon pricing, Georgieva said this approach creates an incentive for polluters to expedite decarbonize.
IMF Managing Director Kristalina Georgieva. (Photo: Kristalina Georgieva)
