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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On Tuesday, 4 June, seven foreign ministers, 19 ambassadors, several ministers and more than 200 experts met in Berlin to act on climate security risks at the Berlin Climate and Security Conference. "Achieving the international climate targets is the new imperative of our foreign policy”, the German Foreign Minister, Heiko Maas, said in his opening speech. This is the aim of the Berlin Call for Action which was presented at the conference.
Governments must invest new effort and money to prevent climate change from driving new conflicts, according to a diplomatic statement drafted by the German foreign office.
A multi-sectoral and multilateral approach to South Asia's rivers could provide sustainable development, but it needs to include those already marginalised by a narrow development path.
Women are vital for effective climate policy making and implementation. In South Asia, more needs to be done on systematically integrating women into policy processes - as active stakeholders and not merely as victims of climate risks.