A New Vision for the US Climate Agenda

2021-07-27T13:05:44-04:00March 10, 2021|

By Ian Parry

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

Over the next decade, global greenhouse gas emissions need to be cut by 25– 50 percent to be on track for meeting the 2015 Paris Agreement goal of containing global warming to 1.5–2°C.The United States intends to do its part. Its climate plan pledges US carbon neutrality by 2050, with a 2030 emissions target to be announced shortly.

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Finding the Right Policy Mix to Safeguard our Climate

2020-10-07T13:05:48-04:00October 7, 2020|

By IMF Staff

عربي, 中文, EspañolFrançais, 日本語Português, Русский 

Unaddressed, climate change will entail a potentially catastrophic human and economic toll, but it’s not too late to change course.

Global temperatures have increased by about 1°C since the pre-industrial era because of heat-trapping green-house gases accumulating in the atmosphere. Unless strong action is taken to curb emissions of these gases, global temperatures could increase by an additional 2–5°C by the end of this century. Keeping temperatures to levels deemed safe by scientists requires bringing net carbon emissions to zero on net globally by mid-century.

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Finding Solid Footing for the Global Economy

2020-02-21T09:44:28-05:00February 19, 2020|

By Kristalina Georgieva

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

As the Group of Twenty industrialized and emerging market economies (G-20) finance ministers and central bank governors gather in Riyadh this week, they face an uncertain economic landscape.

After disappointing growth in 2019, we began to see signs of stabilization and risk reduction, including the Phase 1 U.S.-China trade deal. In January, the IMF projected growth to strengthen from 2.9 percent in 2019 to 3.3 percent in 2020 and 3.4 percent in 2021. This projected uptick in growth is dependent on […]

Back to School Blogs

2019-03-26T16:26:38-04:00August 23, 2016|

By iMFdirect

It’s been a busy summer, and you might not have had a chance to read everything as it came across your screen. So as your holidays wind down and you head to work, the editors at iMFdirect have put together some key blogs on hot topics to help you get back up to speed by September.

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Countries Are Signing Up for Sizeable Carbon Prices

2019-03-27T09:57:28-04:00April 21, 2016|

Ian Parry-IMFBy Ian Parry

Versions in: عربي Arabic, 中文 Chinese, Français French, 日本語 Japanese,  Русский Russian, and Español Spanish

With global leaders set to start signing the landmark Paris Agreement on climate change tomorrow—April 22 is Earth Day—at the United Nations in New York, countries will embark on the potentially difficult and contentious issue of setting prices for greenhouse gas emissions, most importantly carbon dioxide (CO2). Our back of the envelope calculations show that most large emitters will need to charge anywhere from $50 to $100 per ton or more (in current […]

Act Local, Solve Global: The $5.3 Trillion Energy Subsidy Problem

2019-03-27T17:12:12-04:00May 18, 2015|

By Benedict Clements and Vitor Gaspar

(Versions in 中文, Français日本語Русский and Español)

US$5.3 trillion; 6½ percent of global GDP—that is our latest reckoning of the cost of energy subsidies in 2015. These estimates are shocking. The figure likely exceeds government health spending across the world, estimated by the World Health Organization at 6 percent of global GDP, but for the different year of 2013. They correspond to one of the largest negative externality ever estimated. They have global relevance. And that’s not all: earlier work […]

Carbon Pricing: Good for You, Good for the Planet

2017-04-14T01:54:55-04:00September 17, 2014|

By Ian Parry

The time has come to end hand wringing on climate strategy, particularly controlling carbon dioxide (CO2) emissions.  We need an approach that builds on national self-interest and spurs a race to the top in low-carbon energy solutions. Our findings here at the IMF—that carbon pricing is practical, raises revenue that permits tax reductions in other areas, and is often in countries’ own interests—should strike a chord at the United Nations Climate Summit in New York […]

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