Logo


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

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)