Which organization has proposed to set up an International Carbon Price Floor?

A. World Bank
B. IMF
C. IEA
D. FAO

Answer

Correct Answer: B. IMF


Detailed About MCQs

The International Monetary Fund (IMF) has proposed to set up an International Carbon price floor to help limit global warming. It aims to achieve the transition toward low carbon growth over this decade. As per the IMF chief, limiting global warming to 1.5 to 2 degrees will require emissions to be cut by a quarter to a half by 2030.