Carbon tax could wipe out polluters' profits in pursuit of Paris targets

clock • 4 min read

To achieve climate agreement's limit of 2C rise, pricing will have to increase to more than $100 a tonne, says Schroders

More than $1.5tn (£1.2tn) in company profits worldwide could be erased by taxes required to meet the Paris climate agreement, according to analysis by Schroders. In a stark warning to investors to back...

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