Carbon price of at least 40 US dollars compatible with Paris goals
MCC Director Ottmar Edenhofer comments on the new report of the High Level Commission on Carbon Prices: "The G20 should lay the foundation"
Statement by Ottmar Edenhofer, Director of the Mercator Research Institute on Global Commons and Climate Change (MCC), who is also Chief Economist of the Potsdam Institute for Climate Impact Research (PIK) and professor at TU Berlin:
“Carbon pricing generates significant government revenue which can then be invested in a clean and climate-friendly infrastructure—this would help to achieve the United Nations Sustainable Development Goals. Even a moderate carbon price of 40 US dollars per tonne in 2020 would enable many countries to finance universal access to clean water, clean electricity or sanitation. This would reduce inequality and poverty. Carbon pricing as an engine for growth is interesting not only for the environment ministers but above all for the finance ministers of the G20 countries.”
You can download the report of the High Level Commission on Carbon Prices here.