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.
As hundreds of decision-makers are gathering in Marrakech to agree new standards for global migration, the United Nations climate change conference ‘COP24’ is looking at concrete ways to help countries tackle large-scale displacement caused by the impacts of climate change, including water scarcity, flooding, storms and rising sea levels.
Nigeria’s central Middle Belt region is home to a diverse cultural population of semi-nomadic cattle herders and farming communities. For decades, the region has experienced increasingly violent attacks that have been partially attributed to direct competition over access and use of natural resources.
COP24 starts today, the IPCC has published new scientific evidence on the devastating impacts of climate change, the probability that those changes will be manageable are decreasing, and, once again, there is a stalemate in international climate negotiations. Time is running out fast - or more appropriately, as UNFCCC Executive Secretary Espinosa stressed, time is a luxury we no longer have. So, actually the question is how soon is now?
COP24 might be in Katowice, but for the rest of the world it’s on Twitter. Navigating through this sea of news and expert profiles is not the easiest task, however. With this is mind, we’d like to share our favourite Twitter accounts with our followers so that you can be up-to-date throughout the event.