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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President Xi Jinping’s announcement of a post-2030 climate target aligns with global projections for what’s needed to achieve the Paris Agreement goals.
Japan will join the EU in aiming for net-zero emissions by 2050, Prime Minister Yoshihide Suga announced on Monday (26 October).
The best resource for all of our 21st Century Diplomacy: Foreign Policy Is Climate Policy content is the official website, hosted by the Wilson Center and adelphi. But the ECC editors are also collecting the topics here for eager readers.
What exactly triggers food riots? At which point does climate change come in? And what can we learn from analyzing the lack and impotence of government action in conflict areas? In our Editor’s Pick, we share 10 case studies from the interactive ECC Factbook that address the connections between food, the environment and conflict. They show how agriculture and rural livelihoods can affect stability in a country, which parties are involved in food conflicts and what possible solutions are on the table.