Ideas to Action:

Independent research for global prosperity

Public Event

Getting Energy Prices Right: From Principle to Practice

Thursday, July 31, 2014 - 10:30am to 12:00pm

Keynote Speaker
Christine Lagarde
Managing Director, International Monetary Fund

Nancy Birdsall
President, Center for Global Development

Andrew Steer
President, World Resources Institute

Lawrence MacDonald
Vice President, Communications and policy Outreach, Center for Global Development

Previous IMF studies set forth the basic principle that getting energy prices right means setting taxes at a level that reflects health and environmental costs. A new, path-breaking study will be presented by Managing Director Christine Lagarde shows what this would mean in practical terms for 150 developed and developing countries across the four most widely used fossil fuels: coal, natural gas, diesel and gasoline. The new study finds that fossil fuels are widely and substantially underpriced, and that correcting these market failures in a manner that balances environmental benefits with economic costs offers large health, environmental and fiscal benefits.

Following the presentation of the key findings, CGD president Nancy Birdsall will discuss the implications of the IMF recommendations for development; World Resources Institute president Andrew Steer will describe how the new IMF study may change the international debate on policy responses to climate change. The event will conclude with questions from the floor.

Related Experts

Photo of Nancy Birdsall
Senior Fellow, President Emeritus

Thursday, July 31, 2014
10:00 a.m. to 12:00 p.m.