Friday, December 19, 2025 | 01:27 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Climate change poses 'profound threat' to global growth: IMF chief

Climate change poses a serious threat to global growth, the head of the International Monetary Fund said, urging the world's top emitters to agree on a floor for carbon prices

Kristalina Georgieva, new IMF managing director

Kristalina Georgieva, IMF managing director

Reuters WASHINGTON

WASHINGTON (Reuters) - Climate change poses a serious threat to global growth, the head of the International Monetary Fund said on Monday, urging the world's top emitters to agree on a floor for carbon prices.

IMF Managing Director Kristalina Georgieva told finance ministers meeting on climate change that countries should also ensure their stimulus funding aimed at halting the COVID-19 pandemic should target green investments.

Doing so, she said, could boost global gross domestic product by 0.7% on average in the first 15 years of the recovery.

 

(Reporting by Andrea Shalal; Editing by Chris Reese)

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 13 2020 | 6:09 AM IST

Explore News