Global Carbon Price Could be ‘Game Changer,’ BOE Official Says
- Catherine Mann says emissions rules could spur investment
- Inflation risk from adding to the cost of using energy
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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.