Renewed impetus to tackle climate change:IMF
Kristalina Georgieva and John Kerry on Climate Change
Renewed impetus to tackle climate change: IMF
As the world emerges from COVID-19, there is renewed impetus to tackle climate change. Ahead of COP26, IMF Managing Director Kristalina Georgieva joined U.S. Special Presidential Envoy for Climate John Kerry to discuss how to turn climate ambitions into action while creating vibrant and inclusive opportunities for the transition to the new climate economy as part of IMF and World Bank Group’s Spring Meetings.
“Climate change is a growing risk to macroeconomic stability and financial stability. With the same token, climate action, investment in clean technologies, and climate resilience generate green growth and green jobs. This is what the IMF is all about. Stability, employment, growth. And this is why the climate is now in our institution’s DNA, at the heart of our work, as we engage in policy discussions with our members. We look at how they can have more successful mitigation and adaptation strategies. As we look at financial stability, we measure climate-related financial stability risks, and we act on data because good data make good policy,” said Georgieva