A Bank of England policy maker said adopting a global price on fossil fuel pollution could spur investment and productivity that would lift the world economy out of its torpor.
Catherine Mann, a member of the U.K. central bank’s Monetary Policy Committee, said that pricing carbon emissions everywhere could feed a fundamental improvement in productivity that would give a positive jolt to growth.
“Changing the rate of the relative price of carbon is a game changer for creating incentives,” Mann said at a web event hosted by the European Investment Bank on Thursday.
Her remarks suggest a way for ...
