Bloomberg Tax
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Tax
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Carbon Tax Not Main Climate Change Solution, OECD Official Says

March 23, 2022, 3:54 PM

Taxes designed to make carbon emissions more expensive are unlikely to be the main leaver for dealing with climate change, a senior OECD official said Wednesday.

“Will tax play a key role, I now have some doubts because of how politically charged it is. I would not have said this five years ago but tax will be one of many instruments and probably not be the prevailing one,” said Pascal Saint-Amans, director of the OECD Centre for Tax Policy and Administration. He was speaking at a conference hosted by BDI, the Federation of German Industries.

  • He highlighted political opposition to ...