World leaders call for carbon pricing schemes

WASHINGTON, D.C.: A group of world leaders called on Monday (Tuesday in Manila) for countries around the world to put a price on carbon to strengthen the international fight against climate change.

As a week of talks on a global climate agreement opened in Bonn, the leaders of the World Bank, International Monetary Fund, Germany, France, Chile, Mexico, Ethiopia, and the Philippines called on others to back pricing schemes “to steer the global economy towards a low-carbon, productive, competitive future without the dangerous levels of carbon pollution driving warming.”