You are here: Home » International » News » Others
Business Standard

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

Climate Change | International Monetary Fund | IMF

Reuters  |  WASHINGTON 

Kristalina Georgieva, new IMF managing director
Kristalina Georgieva, IMF managing director

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

Managing Director Kristalina Georgieva told finance ministers meeting on 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.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, October 13 2020. 06:09 IST