The “carbon revenues” raked in to government coffers from the world’s most-polluting companies could also be used to help hard-pressed households or ploughed back into green industries which help reduce emissions while creating jobs and economic growth, the report found.īob Moritz, the global chair of auditing giant PwC, said setting a global carbon price could make a “significant contribution to tackling global warming by accelerating emissions reductions”.
The report found that if global governments agreed together to set a price for pollution to help cut carbon emissions the cost would be less than the economic losses triggered by the fallout of a runaway climate crisis. Creating an international price for carbon emissions could reduce global greenhouse gases by 12% at a cost of less than 1% of global GDP, according to a new report from the World Economic Forum (WEF) and PwC.
