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Current Message Return to posts
From: LP12
re cryto, climate, and other assorted power grab scams >>>

It's all bolox. The banks are empty, they don't enough cash for the money they've created out of nothing, all part of the plan, same as all other schemes and plans. These fukcs have ruined our lives. Christine Lagarde, neglegent,. and she still is. All for chasing nickle and dime profit for a bigger boat, you get screwed.

https://www.imf.org/en/Topics/climate-change

I've read this and must admit it is total fking guff. Blah blah dressed up as intellectual heavy weight George Orwell.

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.

We are gradually mainstreaming climate-related risks and opportunities into our macroeconomic and financial policy advice. Climate considerations are now embedded in our bilateral and multilateral surveillance, capacity development, and lending, while we also increasingly collaborate with other institutions and fora.

Through our analytical work we have examined policy issues such as an international carbon price floor, the transition to a green economy, border carbon adjustments, scaling up private climate finance in emerging market and developing economies, strengthening climate information architecture, fiscal policies to support adaptation, and green public investment and public financial management.

Read more on the IMF's Strategy to Help Members Address Climate Change
Our Policy Guidance Relates to:
Climate mitigation and the IMF
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.

Climate adaptation and the IMF
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.

Climate transition and the IMF
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.

IMF at COP28
The IMF at COP28
This year the IMF is sharing a pavilion at COP28 with the World Bank Group and the Financial Times to create opportunities for dialogue and knowledge sharing. The IMF will continue the dialogue on economic and financial sector policies that can help our members and the wider international community reach shared climate goals: particularly how to reduce emissions, increase climate finance, boost resilience, and ease the transition to low-carbon economies.

What is the IMF doing to help tackle climate change?
Data
The IMF's Climate Change Indicators Dashboard provides a platform for disseminating climate change data for macroeconomic and financial stability analysis. The dashboard helps users assess the linkage between economic and financial activities and government policies on the one hand, and climate change (and environment more broadly) on the other—either on a country-level or cross-country basis—by analyzing a standardized set of comparable data.

Macroeconomic Surveillance
Article IV consultations will cover macro-critical issues triggered by climate change and/or the need to contain it. These include countries’ contributions to the global mitigation effort, especially by large emitters domestic policy challenges that arise in the context of achieving countries’ nationally determined contributions under the Paris Agreement macroeconomic policies to adapt to and build resilience to climate change and challenges presented by a global transition to low-carbon energy.

Financial Stability Assessment Program (FSAP)
FSAPs are paying increasing attention to climate risk analysis for the financial system. Recent FSAPs have looked at the implications of transition risk in Norway, South Africa, Chile, Colombia and the UK, and physical risk in the Philippines. Where relevant, climate risk considerations are also being embedded in FSAP reviews of financial supervision and regulation.

Capacity Development
The IMF already supports member countries through capacity development in countries vulnerable to climate change and natural disasters and will further expand on that. For example:

The Climate Policy Assessment Tool (CPAT) to analyze impact of carbon pricing and other policies for Paris pledges and energy subsidies.
The climate-module of Public Investment Management Assessments (C-PIMA).
The Climate Macroeconomic Assessment Program (CMAP) pilots.
Green Public Financial Management.
Capacity development on financial sector issues related to climate risks, and public policies to support the transition to a climate-resilient and low-carbon economy.
The Climate Change 101 training and other regional workshops help build knowledge at Finance Ministries and Central Banks
Resilience and Sustainability Trust
The IMF’s Resilience and Sustainability Trust (RST) helps low-income and vulnerable middle-income countries build resilience to external shocks and ensure sustainable growth, contributing to their longer-term balance of payments stability. It complements the IMF’s existing lending toolkit by providing longer-term, affordable financing to address longer-term challenges, including climate change and pandemic preparedness.


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