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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 ...