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.
Colombia’s long-standing internal conflict and the country’s contribution to climate change share one common root cause: land concentration. Policies to strengthen access to land and to ensure sustainable land use might therefore hold the key to promoting peacebuilding in Colombia, while simultaneously reducing emissions.
As disasters wreak havoc all over South Asia, health impacts have increasingly emerged as a major concern for communities and governments in the region. It underscores the need for concerted efforts towards building synergies between the Paris Agreement, the Sendai Framework for Disaster Risk Reduction and the 2030 Sustainable Development Agenda, particularly now, in the post-disaster reconstruction phase, to ensure “building back better” and future disaster prevention.
In the Inner Mongolian county of Horinger, Northwestern China, afforestation efforts have transformed a barren, dusty landscape into a pine forest. Planting trees has diminished the sandstorms, boosted biodiversity and improved the environment generally. As the climate emergency worsens, the potential for planted trees to draw carbon out of the atmosphere is being re-examined. What can the world learn from the Chinese experience with afforestation?
Two events in August 2019 underlined the complexity of paving the way to a climate-neutral world: the publishing of the new IPCC report and the Amazon fires. Both events demand that climate diplomats move beyond a narrowed focus on energy in decarbonisation debates.