IMF Managing Director, Kristalina Georgieva and Lord Nicholas Stern, of the London School of Economics, discuss the challenges brought by climate change and how the IMF can play a role in mitigating risks.
• Climate change is macro critical according to Georgieva and therefore central to the IMF’s mandate. Fund must integrate climate action into what it already does on fiscal, financial and monetary policy. Can contribute on how to approach carbon pricing / taxing. Can advise on how to improve the quality of expenditure and investment decisions to ensure a sustainable future.
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