French Finance Minister Bruno Le Maire called on Friday at a meeting with his G20 counterparts for a global minimum price for carbon emissions in the absence of a single global price.
“Instead of having a global unique carbon price which we cannot reach for the time being, we propose to have a global floor on carbon pricing,” Le Maire said during a session on environmental taxation.
“I think that a global floor could be a very good starting point to have all the G20 member countries committing on carbon pricing,” he added.
Reporting by Leigh Thomas Editing by Mark Heinrich
This article was originally shared by Reuters.