Reaching Net Zero Emissions

2021-07-28T17:35:14-04:00July 22, 2021|

By Florence Jaumotte and Gregor Schwerhoff

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

Climate action is gaining momentum. Since the 2015 Paris Agreement, countries have intensified climate action and many have committed to reach net zero emissions by 2050, meaning that any additional carbon emissions will be offset completely by carbon emissions withdrawn from the atmosphere. […]

A Proposal to Scale Up Global Carbon Pricing

2021-06-23T14:36:16-04:00June 18, 2021|

By Vitor Gaspar and Ian Parry

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

Between one quarter and one half. That’s how much carbon dioxide (CO2) and other greenhouse gases must fall over the next decade to keep alive the goal of restricting global warming to below 2°C. The fastest and most practical way to achieve this is by creating an international carbon price floor arrangement.

[…]

A Planet at Risk Requires Multilateral Action

2020-01-08T16:58:39-05:00December 3, 2018|

by Signe Krogstrup and Maurice Obstfeld

 December 3, 2018

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

A wolf in the snow: the planet isn’t crying wolf as man’s economic activities reach a scale where the global climate is at risk (photo: ImageBroker/ David MichaSheldon/Newscom)

The COP-21 Paris Agreement limiting greenhouse gas emissions was a major achievement on the road to meeting the threat of climate change. But as the evidence becomes increasingly unambiguous that human activity is destabilizing the Earth’s climate and biosphere, policymakers will need to do more. […]

5 Things You Need to Know About the IMF and the Sustainable Development Goals

2021-07-12T17:27:50-04:00July 26, 2018|

By Tony Annett and Chris Lane

July 26, 2018 

Version in عربي , 中文EspañolBaˈhasa indoneˈsia, 日本語,  PortuguêsРусский 

The global economic juggernaut is bumping into the boundaries of environmental safety (photo: Infogram).

Although we live in an age of unparalleled wealth and technological achievement, billions of people are still suffering from poverty, hunger, exclusion, and conflict. […]

5 Things You Need to Know About the IMF and Climate Change

2019-03-14T10:35:05-04:00June 8, 2018|

By Ian Parry

June 8, 2018

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

A polar bear on shrinking ice in the Arctic: climate change means the world is getting hotter (photo: Sven-Erik Arndt/Newscom)

The world is getting hotter, resulting in rising sea levels, more extreme weather like hurricanes, droughts, and floods, as well as other risks to the global climate like the irreversible collapsing of ice sheets.  […]

Chart of the Week: Electric Takeover in Transportation

2019-03-25T11:07:57-04:00July 31, 2017|

By IMFBlog

July 31, 2017 

An electric car recharges at a meter in London: The UK is the latest country to announce plans to end fossil fuel vehicle sales by 2040 (photo: Sasha Fox Walters/iStock by Getty Images)

The switch from horses to automobiles in the 20th century paved the way for the rise of oil-based transportation and energy use. Today, electric vehicle ownership is picking up speed. Greater affordability of electric vehicles will likely steer us away from our current sources of energy for transportation, and toward more environmentally friendly technology. And that can happen sooner than you think.

Our Chart of the Week from a recent IMF working paper shows that the transition away from motor vehicles could happen in the next 10 to 25 years, based on parallel shifts in the 20th century. Patterns observed in the early days of the horse-car transition closely resemble present-day electric vehicle adoption rates. Between 2011 and 2015, the average annual growth rate of electric vehicle ownership was 120 percent. This is, in […]

Dealing with Sovereign Debt—The IMF Perspective

2019-03-26T12:00:10-04:00February 23, 2017|

By Sean Hagan, Maurice Obstfeld, and Poul M. Thomsen

Versions in Français (French), Deutsch (German); ελληνικά (Greek), and Español (Spanish)

Debt is central to the functioning of a modern economy. Firms can use it to finance investments in future productivity. Households can use it to finance lumpy purchases, such as big consumer durables, or a home. Sometimes, however, firms’ investments do not pan out or a household’s main earner loses his or her job. Countries’ legal systems generally recognize that in these cases, debtors and creditors alike—along with society at large—may be better off if there is an orderly procedure for reorganizing debts.  […]

Small States Confront Big Challenges with Natural Disasters and Climate Change

2019-03-26T13:53:30-04:00December 22, 2016|

taozhangBy Tao Zhang

Versions in 中文 (Chinese), and Français (French)

Small states are far more vulnerable than other countries to natural disasters and climate change. On average, the annual cost of disasters for small states (economies with a population of less than 1.5 million) is more than four times that for larger countries, in relation to GDP. These countries—whether landlocked nations or small island states—need a range of approaches to deal with catastrophe, including not only better disaster response but also more focus on risk reduction and preparedness. […]

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