Report IMF: Calculate the True Price of Energy

Recently, the IMF has launched a new book “Getting Energy Prices Right. From Principles to Practice.”

In the book a team of IMF fiscal experts calculated the costs of climate change, pollution, traffic accidents and congestion related to coal, natural gas, diesel and gasoline consumption.

The central finding of the report is that countries need not wait for international agreement to get the energy prices right for international agreement. The report emphasizes the importance of tax neutral fiscal reforms rather thAn higher taxes.

The book and accompanying data are available on IMF’s website.

Find above a video that shows the plenary contributions during the launch of the publication on July 31, in Washington, including a speech (link) of IMF’s President Christine Lagarde.