Loading component...
Remarks by IMF Managing Director at the Climate Adaptation Summit
January 25, 2021
Loading component...
IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER:
Phone: +1 202 623-7100Email: MEDIA@IMF.org
January 25, 2021
PRESS OFFICER:
Phone: +1 202 623-7100Email: MEDIA@IMF.org
As prepared for delivery
Excellencies:
We meet at a special moment.
As we aim to exit the COVID-19 pandemic and the economic crisis it has triggered we must face a greater threat – that of a changing climate.
It is a fundamental risk to economic and financial stability. It is also an opportunity to reinvigorate growth and create new green jobs. Our research shows that combining steadily rising carbon prices with a green infrastructure push can boost global GDP over the next 15 years by about 0.7 percent and generate work for millions of people. This is why at the IMF we embrace the transition to the new climate economy — one that is low carbon and climate resilient, that helps fight the causes of climate change and adapt to its consequences.
This means actions in four key areas:
Climate resilience is a critical priority.
And this is why we place it at the heart of what we do — this year, and in the years to come.
