WASHINGTON, Oct 12 (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)
Our Standards: The Thomson Reuters Trust Principles.