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.
For the complete article, please see Climate Home.
The momentum for climate action we are witnessing is extraordinary. Throughout 2019, millions of people took the streets all around the world to join the youth climate movement's school strike. Yet at this year’s most important climate politics meeting, the UN Climate Action Summit in New York, most governments were far from committing to sufficient action to avert dangerous climate change. Dr. Beatrice Mosello and Dr. Virginie Le Masson explain how to move things forward.
Climate action is best achieved through multilateral efforts involving an array of actors and stakeholders. The news coming out of climate talks can also be as wide and varied. To keep you posted on the latest happenings surrounding COP25 we'd like to share with you 10 of our favourite Twitter accounts.
If the United Nations is to effectively deal with climate-related security risks, it needs expert support from every region. That’s where the Climate Security Expert Network comes in.