02246cas a2200289 a 4500 AALejournalIMF021813 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513583204 BD-DhAAL BD-DhAAL Parry, Ian. Proposal for an International Carbon Price Floor Among Large Emitters / Ian Parry, Simon Black, James Roaf. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (18 pages) <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Countries are increasingly committing to midcentury 'net-zero' emissions targets under the Paris Agreement, but limiting global warming to 1.5 to 2 degree C requires cutting emissions by a quarter to a half in this decade. Making sufficient progress to stabilizing the climate therefore requires ratcheting up near-term mitigation action but doing so among 195 parties simultaneously is proving challenging. Reinforcing the Paris Agreement with an international carbon price floor (ICPF) could jump-start emissions reductions through substantive policy action, while circumventing emerging pressure for border carbon adjustments. The ICPF has two elements: (1) a small number of key large-emitting countries, and (2) the minimum carbon price each commits to implement. The arrangement can be pragmatically designed to accommodate equity considerations and emissions-equivalent alternatives to carbon pricing. The paper discusses the rationale for an ICPF, considers design issues, compares it with alternative global regimes, and quantifies its impacts. Mode of access: Internet Climate imf Energy imf Environmental Economics imf Global Warming imf Natural Disasters and Their Management imf Black, Simon. Roaf, James. Full text available on IMF http://elibrary.imf.org/view/journals/066/2021/001/066.2021.issue-001-en.xml IMF e-Library