Marrakech (Morocco), Oct 11 (EFE).- The International Monetary Fund (IMF) has defended this Wednesday the implementation of taxes on carbon emissions as a way to face the ecological transition without eroding public accounts.
The director of the IMF’s Fiscal Affairs Department, Vítor Gaspar, explained this Wednesday in the presentation of the organization’s fiscal surveillance report that if an attempt were made to stop emissions with the type of ecological transition policies that are applied now, the public debt global economy would increase between 40 and 50 points of GDP by 2050.
“Not all countries can afford” an ecological policy based on subsidies, has warned the department’s assistant, Era Dabla Norris, who has defended that the establishment of taxes on carbon emissions “can be very effective in mitigating change climate”.
This tax follows the “polluter pays” principle, he explained, and as it is a tax it is easy to implement. Furthermore, although it may be unpopular, if the resources obtained are dedicated to compensating vulnerable households “it leads to better social acceptability.”
In that sense, Gaspar has clarified that the carbon tax would have to be combined with a series of fiscal policies to mitigate its potential effect on the most vulnerable homes and businesses.
Likewise, the IMF also demands not to unlink development and the fight against climate change since if, for example, more people connect to the electricity grid in a country, electricity generation must increase and it must be renewable.