The International Monetary Fund is to start factoring in climate change to its macroeconomic models from next year, Climate Home has learned. That means its much-cited World Economic Outlook could expose how moves to curb greenhouse gas emissions threaten growth in oil-exporting countries, for example. The Washington DC-based IMF is the world’s leading authority on financial stability, boasting significant influence in the 188 countries it counts as members.
In May, it released a controversial study suggesting fossil fuel subsidies were worth US$5.3 trillion a year. In August, it urged Saudi Arabia to diversify its economy away from oil. Christine Lagarde, head of the organisation, has repeatedly called for carbon pricing to encourage green investment.
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A little over a decade ago, the Himalayan region was considered by the IPCC a 'black hole for data'. Small steps have been taken since then, but now scientists hope recent border clashes and the pandemic will not derail the limited progress made on research cooperation over the past decade.
New report for policymakers provides an overview of the growing research on the links between climate change, security and peace. The synthesis identifies ten insights into climate-related security risks and lays the groundwork for the Global Climate Security Risk and Foresight Assessment, led by adelphi and PIK, that will be launched at the Berlin Climate and Security Conference.
In the wake of Germany’s United Nations Security Council (UNSC) presidency for the month of July 2020, its role in addressing climate change in the body gains even greater importance. A look into selected UNSC members that are also pushing the climate issue reveals: health and economic risks are key entry-points.