Bloomberg Law
Jan. 13, 2022, 11:28 AM

Global Carbon Price Could be ‘Game Changer,’ BOE Official Says

Reed Landberg
Reed Landberg
Bloomberg News

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 ...