Britain and other rich nations should consider a carbon tax as the most efficient way to reduce greenhouse gas emissions, Bank of England policymaker Catherine Mann said on Monday.
Mann, an external member of the BoE's Monetary Policy Committee, did not address the short-term outlook for the economy in herfor Britain's Resolution Foundation think tank, part of a series looking at long-run challenges to growth.
Mann said carbon taxes and emission trading schemes gave clear incentives for people and businesses to reduce their emissions as well as raising revenue, and complemented potentially costly government spending on green technology.on Friday that due to higher interest rates it would phase in more slowly its plans to spend 28 billion pounds a year on green investment, if it wins a national election that is widely expected next year.
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