OREANDA-NEWS. Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today:

“The Paris Agreement is a critical step forward for addressing the challenge of global climate change in the 21st century. Governments must now put words into actions, in particular by implementing policies that make effective progress on the mitigation pledges they have made.

“That is why my key message is to price carbon right and to do it now. Charging for the emissions of fossil fuels puts in place the needed incentives for low-carbon investments; it also provides revenues to safeguard the poor, reduce debt, and lower the burden of other taxes on households and businesses. We look forward to dialogue on carbon pricing and helping governments put this vital policy into practice.”