$100/tonne CO2 tax would have minor impacts in most OECD countries -study

Published 20:53 on November 9, 2021  /  Last updated at 20:53 on November 9, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, Carbon Taxes, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, South & Central, South Korea, Switzerland, US  /  No Comments

A sudden global $100/tonne carbon tax would lower GDP by only 1-2% in most middle-to-high-income nations, but the effects would be more pronounced in carbon-intensive emerging economies such as Russia, South Africa, and India, according to new research.

A sudden global $100/tonne carbon tax would lower GDP by only 1-2% in most middle-to-high-income nations, but the effects would be more pronounced in carbon-intensive emerging economies such as Russia, South Africa, and India, according to new research.

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