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Lagarde said reducing subsidies for fossil fuels and pricing carbon pollution should be priorities for governments around the world.
“Overcoming climate change is obviously a gigantic project with a multitude of moving parts. I would just like to mention one component of it—making sure that people pay for the damage they cause,” she said.
“We are subsidizing the very behaviour that is destroying our planet, and on an enormous scale. Both direct subsidies and the loss of tax revenue from fossil fuels ate up almost $2 trillion in 2011—this is about the same as the total GDP of countries like Italy or Russia.”
Celý článek: IMF chief Lagarde warns of merciless climate change