Carbon tax

Carbon tax advocacy group registers to lobby

Illustration: Rebecca Zisser/Axios

Americans for Carbon Dividends has officially registered to lobby on its own behalf after only using the outside firm Squire Patton Boggs since launching last year.

Why it matters: The self-registration in addition to retaining Squire Patton Boggs signals the group's increasing activity on Capitol Hill, a spokesman said. The organization is promoting a tax that would return the revenues to the public.

The IMF wants major carbon taxes to fight climate change

IMF managing director Kristalina Georgieva
IMF managing director Kristalina Georgieva. Photo: Mark Wilson/Getty Images

The International Monetary Fund is calling on major greenhouse gas-emitting countries to implement carbon taxes that reach $75-per-ton by 2030 to bolster today's "inadequate" responses to climate change.

Why it matters: Their new report says the window for keeping temperature rise to manageable levels is "closing rapidly" and that "limiting global warming to 2°C or less requires policy measures on an ambitious scale."