Speaking in Nairobi Kenya today, “Strauss-Kahn said the Fund is concerned about the huge amount of funding needed and the effect that will have on the global economy,” reports the Associated Press.
The IMF chief said that an outline paper would be published later this week which would detail how countries would adopt a quota system “which could bring in money faster than proposals to increase carbon taxes or other fundraising methods”.
Strauss-Kahn said that the measure was merely a stop-gap in anticipation of the longer term implementation of carbon taxes, that is a global levy on the very substance we exhale.'
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