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World Bank, IMF push for carbon pricing

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Cutting emissions to stave off the worst effects of climate change will not be possible unless all fossil fuel polluters are forced to pay for the carbon dioxide that they emit, say institution leaders.

New York

THE World Bank and International Monetary Fund (IMF) are pressing governments to impose a price tag on planet-warming carbon dioxide emissions, using economic leverage and technical assistance that institutions like the United Nations cannot muster.

The campaign by two of