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Andrew Steer on How Fiscal Policies Can Help Save the Planet

May 17, 2019

IMF research says carbon pricing can effectively reduce emissions and help fund investments for Sustainable Development Goals. (iStock by Getty Images) Fiscal Policies for Paris Climate Strategies

The main objective of the Paris agreement signed by 190 countries in 2015, is to reduce carbon emissions and ensure a transition to low emissions economies. A new IMF paper looks at the role of fiscal policies in helping countries implement their climate strategies. Andrew Steer, President and CEO of the World Resources Institute joined a panel to discuss the paper at the Center for Global Development. Before joining WRI, Steer held senior positions at the World Bank and was the Chief Author of the landmark 1992 World Development Report that placed environmental economics front and center. In this podcast, Steer says carbon emissions need to be dramatically cut from the global economy to avoid dangerous climate change, and carbon pricing can help do that.

Andrew Steer is President and CEO of the World Resources Institute.