How Governments Can Create a Green, Job-rich Global Recovery
By Kristalina Georgieva and Rajiv J. Shah
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Climate change and the COVID-19 crisis have a great deal in common. […]
Chart of the WeekFirms’ Environmental Performance in Times of Crisis
By Pierre Guérin, Fabio Natalucci, Felix Suntheim
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Leaders are often called upon to “rise to the challenge” in times of crisis. As firms and their leaders rise as best they can amid the ongoing health and economic crises, yet another crisis lies on the horizon. A looming environmental crisis, obscured by the exigency of the pandemic, requires action be taken by firms (and others). So how will business leaders and companies respond?
Our latest analysis looks at past episodes of financial and economic […]
Finding the Right Policy Mix to Safeguard our Climate
By IMF Staff
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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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How to Meet the European Union’s Ambitious Climate Mitigation Goals
By Dora Iakova, Alfred Kammer, and James Roaf
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Last week, the President of the European Commission Ursula von der Leyen made an ambitious proposal. By 2030, the European Union would aim to reduce greenhouse gas emissions by at least 55 percent below their 1990 levels. And this is just an intermediate target. The final goal is for the EU to become climate neutral by 2050, as stated in the European Green Deal. […]
A New Climate Economy
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. […]