Terra Daily: The International Monetary Fund on Thursday said it was possible to fight global warming without negatively impacting economic growth. "Climate change is a potentially catastrophic global externality and one of the world's greatest collective action problems," the IMF said in releasing analytical chapters of its twice-yearly World Economic Outlook.To curb global warming, the IMF suggests a worldwide long-term scheme of gradual increases in carbon prices. Carbon-dioxide emissions are largely blamed for the rise in greenhouse gases that are heating the planet. Such a framework would "induce the needed shifts in investment and consumption away from emission-intensive products and technologies."…
Headquarters of the International Monetary Fund, IMF, Wikimedia Commons
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