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France calls for global floor on carbon pricing

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These translations are done via Google Translate

French Economy and Finance Minister Bruno Le Maire attends a news conference for the launching of the 2020 income tax campaign at the Bercy Finance Ministry in Paris, France, April 8, 2021. REUTERS/Sarah Meyssonnier/File Photo

VENICE, July 9 (Reuters) – 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.

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