Federal Chancellor of Germany, Angela Merkel, and the Heads of five international agencies (OECD, WTO, ILO, IMF, and the World Bank) met in Berlin (Germany) on 6 October to call for coordinated policy action to restore confidence and improve sustainable and balanced growth and employment prospects ahead of the G20 Summit to be held in Cannes (France) on 3-4 November. According to a statement, "climate change and the protection of natural resources remain major challenges that could also become an opportunity for growth. Leaders stressed the need to: realize the potential for low-carbon development and green growth by targeted action in developed and developing countries; continue with the commitment of all international organizations to promote and work together on green growth; and ensure a successful Durban Climate Change Conference in late 2011 with a view to further promoting low-carbon development strategies."
Press Release with Joint Communique
Showing posts with label IMF. Show all posts
Showing posts with label IMF. Show all posts
Saturday, October 8, 2011
Saturday, April 2, 2011
IMF regarding Climate Change
The International Monetary Fund (IMF) has issued a factsheet on "Climate Change and the IMF," which suggests that stabilizing global atmospheric concentrations of greenhouse gases will require a dramatic transformation of the entire global energy system, and recommends fiscal instruments to internalize environmental costs and large-scale and predictable financial assistance for developing countries to support action on climate change.
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