Assessing Climate-Change Risk by Stress Testing for Financial Resilience

2020-02-06T09:59:37-05:00February 5, 2020|

By Tobias Adrian, James Morsink, and Liliana Schumacher

عربي, 中文, Español, Français, 日本語Português, Русский

As society braces for the potential havoc a changing climate could induce, it’s vital to gauge the range of shocks that the economy may soon endure. One way to quantify the effects of the potentially systemic shocks that could ripple through the financial system is to administer “stress tests”—a well-designed analytical process that has, for decades, been used by the IMF, World Bank and financial supervisors for detailed scenario planning to prevent future financial crises. (more…)

Chart of the WeekWaste Woes in the World

2020-01-31T10:38:50-05:00January 31, 2020|

By IMFBlog

Have you thought about how much garbage you generate every day? Economists have looked at the data and it turns out that higher-income countries like the United States, Denmark, and New Zealand generate at least twice as much waste per capita than developing countries. (more…)

A New Climate Economy

2019-11-27T09:58:43-05:00November 26, 2019|

By Gita Bhatt

“Everybody talks about the weather, but nobody does anything about it.” The quip, attributed to 19th-century American humorist Mark Twain, might describe the current state of play on climate change. In Twain’s day, it was absurd to suppose humans could do anything about the weather. (more…)

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