Green transformation can generate more resilient economies, says IMF director

Georgieva cites recent climate problems: dry rivers in China, droughts in Africa, heat waves in Europe, wildfires in North America, typhoons in Bangladesh and unprecedented floods in Pakistan. All these “natural disasters” cause costs and impoverishment of nations.

“And this will only get worse if we fail to act,” he said, recalling predictions of more disasters made by scientists, if the global warming will not be controlled in the coming decades.

According to the head of the IMF, the green transformation can lead to “a planet with less pollution, more resilient economies and a healthier population”.

Actions on three fronts

• policies to achieve zero carbon emissions by 2050;
• measures to adapt to global warming that is already unavoidable;
• financial support to help vulnerable countries pay for these efforts.

For the IMF managing director, these three points should be important priorities in the work of the climate summit COP 27, which takes place this month in Egypt.

COP27: what you need to know about the 2022 UN Climate Change Conference

In 2022, the UN Climate Conference (COP27) takes place in Sharm el-Sheikh, Egypt, against a backdrop of extreme weather events around the world: a war-driven energy crisis in Ukraine and data showing that the world cannot is doing enough to combat carbon emissions and protect the future of the planet. But do you know what a COP is? What is discussed there and why is it so important? O Curto News explains it to you.

What is the IMF?

The International Monetary Fund (IMF) seeks to stimulate monetary cooperation
global, protect financial stability, facilitate international trade,
promote high levels of employment and sustainable economic growth and
reduce poverty around the world. Founded in 1945, the IMF is managed
by the governments of 188 member countries.

With Estadão Content