The IMF and Climate Change
Climate change presents a major threat to long-term growth and prosperity, and it has a direct impact on the economic wellbeing of all countries.
The IMF has a role to play in helping its members address those challenges of climate change for which fiscal and macroeconomic policies are an important component of the appropriate policy response.
The Fund publishes research on economic implications of climate change and provides policy advice to our membership to help them capture the opportunities of low-carbon, resilient growth.
Our Policy Guidance Relates to:
1. Mitigation: including advice on measures to contain and reduce emissions through policies—such as increasing carbon taxes, reducing fuel subsidies and improving regulation—and providing tools to help countries achieve their Nationally Determined Contributions.
2. Adaptation: including guidance on building financial and institutional resilience to natural disasters and extreme weather events, and infrastructure investments to cope with rising sea levels and other warming-related phenomena.
3. Transition to a low-carbon economy: including updates to financial sector regulation to cover climate risks and exposure to “brown” assets, as well as measures to help countries diversify economies away from carbon intensive industries while mitigating the social impact on affected communities.
Highlights
A Proposal for an International Carbon Price Floor Among Large Emitters
IMF staff proposes an international carbon price floor arrangement to complement the Paris Agreement and spur collective action..
> Download IMF Staff Climate Note
> Opening Remarks K. Georgieva at Brookings
> Blog: A Proposal to Scale Up Global Carbon Pricing
In Depth
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Staff Climate Notes
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OECD-IMF Paper: Delivering Climate-Change Mitigation under Diverse National Policy Approaches | December 2022
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Climate Public Investment Management Assessment (PIMA) Tool
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World Economic Outlook, Chapter 3 | October 2022
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Global Financial Stability Report, Chapter 2 | October 2022
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Regional Economic Outlooks | October 2021
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Climate Change Indicators Dashboard
What's New
- Course: Macroeconomics of Climate Change | November 6-17, 2022
- Speech: Managing Director's Remarks at COP27's Finance Day Opening Ceremony | November 9, 2022
- Speech: Managing Director's Remarks at the First High-Level Ministerial Dialogue on the New Collective Quantified Goal on Climate Finance | November 9, 2022
- Event: Getting to Net Zero | October 12, 2022
- Speech: Managing Director's Remarks at the Africa Adaptation Summit | September 5, 2022
- Speech: Managing Director's Remarks at the Leaders’ Dialogue on Adaptation Action in Africa | July 7, 2022
- Working Paper: From Polluting to Green Jobs: A Seamless Transition in the U.S.? | July 1, 2022
- IMF Policy Dialogue: Climate-Related Financial Risks and Green Finance in Asia and the Pacific | June 1, 2022
- Speech: Managing Director Kristalina Georgieva’s Opening Remarks at IMF Policy Dialogue | June 1, 2022
Videos
Country Reports
The CCPA is a joint IMF-World Bank assessment and provides an overarching assessment of countries’ climate strategies.
Blogs
Related Links
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How to Scale Up Private Climate Finance in Emerging Economies | October 7, 2022
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Further Delaying Climate Policies Will Hurt Economic Growth | October 5, 2022
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Achieving Net-Zero Emissions Requires Closing a Data Deficit | August 23, 2022
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Public Sector Must Play Major Role in Catalyzing Private Climate Finance | August 18, 2022
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Climate Change Mitigation Will Cause Large Adjustments in Current Account Balances | August 16, 2022
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How Europe Can Protect the Poor from Surging Energy Prices | August 3, 2022