Threat of climate change has overtaken the prospect of nuclear war: Nobel Peace laureate
The IMF urged the biggest carbon polluters to agree to tax emissions to keep climate change at safe levels.


Nobel Peace laureate and former Colombian president, Juan Manuel Santos. Image credit: Flickr/Center for American Progress[/caption]Experts at the two-day conference called for more aggressive policies to achieve the Paris Agreement goal of preventing global average temperatures from rising more than 2 degrees Celsius above pre-industrial levels.They called for more action to reduce carbon emissions and move faster towards renewable energy and taxes on carbon emissions."Some countries still think that moving toward green economy is a luxury. Actually, it has become a question of to be or not to be," said Mohamed Kafafy, president of the World Green Energy Council which organised the conference along with Dubai's government.Kafafy said that funds collected from carbon taxes should be used to promote green economic initiatives and renewables.The International Monetary Fund this month urged the world's biggest carbon polluting nations to agree to tax emissions at $75 per ton in the next decade to keep climate change at safe levels.Greenhouse gases are released as by-products in sectors ranging from energy to manufacturing, shipping and agriculture.Taxes on such emissions provide an incentive to cut pollution. The IMF said such taxes are the most efficient way to tackle global warming.Assistant United Nations Secretary-General for Climate Change Ovais Sarmad warned that the world is facing an "existential crisis"."We have all the agreements, the policies and the tools. Now, we need to enhance the implementation," he said.

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