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ICPF could reduce greenhouse gas emissions by 12%, says PwC

The report suggests ‘significant revenues’ generated by an ICPF could be used to support those most disadvantaged, raising up to 3% of GDP in revenues in some countries

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An international carbon price floor (ICPF) could reduce global GHG emissions by 12%, with the cost of implementation less than 1% of GDP, according to a new report by PwC and the World Economic Forum, ‘Climate Ambition: Analysis of an International Carbon Price Floor’.

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