Ian Parry: Why A Carbon Tax Makes Sense
Carbon taxes discourage the use of fossil fuels and encourage a shift to less-polluting fuels. (iStock by Getty images)
In This Episode
When it comes to environmental policies, Ian Parry argues none are more effective than carbon taxes. Parry, an expert on fiscal policy and climate change at the IMF, says carbon taxes promote a full range of responses for reducing emissions–like switching from coal to clean generation fuels, reducing the demand for electricity, transportation fuels, and so on and can be administratively straightforward to implement. Parry is author of several research papers on carbon taxation and his recent article What Is Carbon Taxation? is published in the June 2019 edition of Finance and Development Magazine.
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Bruce Edwards
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.
Rhoda Metcalfe
RHODA METCALFE is an independent journalist and audio producer.