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 new publication on SDGs and foreign policy, prepared by researchers at the German think tank adelphi, highlights a phenomenon I call this the ‘Great Splintering’ – the fracturing of political will for collective action on the global stage. This article outlines five steps we could take to revive multilateralism.
Satellite analysis shows ‘vanishing’ lake has grown since 1990s, but climate instability is driving communities into the arms of Boko Haram and Islamic State. Climate change is aggravating conflict around Lake Chad, but not in the way experts once thought, according to new research.
At a meeting of the Arctic Council, secretary of state Mike Pompeo refused to identify global warming as a threat, instead hailing an oil rush as sea ice melts. The US refused to join other Arctic countries in describing climate change as a key threat to the region, as a two-day meeting of foreign ministers drew to a close on Tuesday in Ravaniemi, Finland.
Around 1.6 billion people depend on forests for their livelihood, and about 2.6 billion people rely directly on agriculture. Deforestation, land degradation, and unsustainable management of ecosystems threaten those livelihoods and may contribute to resource-related conflicts and social unrest.