Without major efforts to reduce the accumulation of carbon emissions in the atmosphere, future generations will inherit a much warmer planet with risks of dangerous climate events, higher sea levels, and destruction of the natural world. In this podcast, economist Ian Parry makes the case for carbon taxation as the most effective way to nudge people towards cleaner fuels and to encourage them to adopt more efficient appliances or lower emission vehicles. But while convincing people to buy electric cars and more efficient appliances is important, the largest CO2 emitting countries need to work together to make a real dent in global greenhouse gas emissions. That, Parry says, is proving to be difficult. Parry's latest article Putting a Price on Pollution is published in the December 2019 edition of Finance and Development Magazine.
IAN PARRY is the principal environmental fiscal policy expert in the IMF’s Fiscal Affairs Department.
International Monetary Fund
Bruce Edwards produces the IMF podcast program. He's an award-winning audio producer and journalist who's covered armed conflicts, social unrest, and natural disasters from all corners of the world. He believes economists have an important role in solving the world's problems and aspires to showcase their research in every IMF podcast.
Journalist
Rhoda Metcalfe is an independent journalist and audio producer. Her reporting on the armed conflict in Colombia in the late 90s, as well as her work in Egypt, Turkey and South Africa has won several awards. She now produces podcasts and radio features from Washington DC and is a regular contributor to the IMF Podcast program.
