World Bank, IMF push for carbon pricing

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 the largest international lenders comes as world leaders have begun to sign the Paris agreement on climate change, the UN accord that is supposed to commit nearly every country to take action to reduce emissions of greenhouse gases. The document opened for signatures on Friday and will remain open for a year.