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Carbon Tax

Can Carbon Taxes Be Effective?

Muthukumara Mani's picture

Arne Hoel/World BankIt was heartening to attend the recent Partnership for Market Readiness (PMR) forum at the World Bank, where countries renewed their commitments to testing and piloting market-based instruments for greenhouse gas emission reduction. The PMR is country-led and builds on countries’ own mitigation priorities. Focus is placed on improving a country's technical and institutional capacity for using market instruments to scale up climate change mitigation efforts.