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IMF will launch a new “Climate Change Dashboard” to track the economic impact of climate risks and the measures taken to mitigate them.

The International Monetary Fund sees climate change as a primary risk to economic and financial stability, its Managing Director Kristalina Georgieva said while mapping out the IMF’s plans to help focus investments in green technologies that will spur global growth.

If carbon prices rose steadily and investments in green infrastructure expanded, the global economic output could increase by an average of 0.7% a year over the next 15 years, Georgieva told the Climate Adaptation Summit.

Yahoo! Finance reports that this could create millions of new jobs.

"We see climate as a fundamental risk for economic and financial stability, and we see climate action as an opportunity to reinvigorate growth, especially after the pandemic, and to generate new green jobs," Georgieva said. She said the IMF was taking action in four areas to accelerate the transition to a new low-carbon and climate-resilient economy.


According to Georgieva, the Fund will launch a new "Climate Change Dashboard" to track the economic impact of climate risks and the measures taken to mitigate them.

The Fund is also focusing on adaptation in highly vulnerable countries and carbon-pricing on its assessment of large global emitters.

On the other hand, the World Bank, the largest multilateral funder of climate finance, increased funding for adaptation projects to 50% of its total climate finance over the past four years. 


Highlights • 10 years of writing and editing experience Obsessed with home decor trends, plant parenting, cleaning, and other lifestyle topics. • Expertise in content marketing and email strategy for brands and small businesses About Nikola Gemeš Nikola Gemeš, an electrical engineer turned sustainability consultant, bridges the gap between complex environmental concepts and GreenCitizen readers with his well-researched, accurate content. His commitment to sustainability extends from his professional life to personal practices of recycling and home-grown food. An adventurer at heart, Nikola enjoys hiking, white-water sports, and pocket knife collecting. At Green Citizen, he's instrumental in presenting the best sustainable brands, aiding well-informed decision-making. He firmly believes in the collective power of individuals, experts, businesses, and governments to foster a world where sustainability, life quality, economic prosperity, diversity, mental health, and gender equality are core values. Experience Nikola Gemeš has a rich and diverse background in electrical engineering, which he utilizes to break down complex sustainability topics for his readers. His unique blend of technical knowledge and communicative skills has made him a crucial part of GreenCitizen. Nikola's experience has honed his ability to navigate through intricate data and research, ensuring the content he delivers is both accurate and reliable. His passion for educating and informing is palpable in the impact he has made on Green Citizen's readership. Outside of his professional endeavors, Nikola is deeply committed to environmental conservation in his personal life. This commitment is reflected in his everyday activities, from recycling to cultivating his own food. His hands-on approach to sustainability gives him a first-hand understanding of practical conservation efforts, further enriching the content he produces. These personal experiences often seep into his work, making it relatable and engaging for readers. Nikola's key role extends to assessing and presenting sustainable brands to his audience. His comprehensive grasp of sustainability allows him to critically evaluate and offer the best environmentally-friendly options available on the market. He aids readers in making informed decisions that have a positive impact on both their lives and the environment. His belief in collective efforts towards a sustainable world is evident in his work, as he consistently promotes values of quality life, economic prosperity, diversity, mental health, and gender equality.

Highlights • 10 years of writing and editing experience Obsessed with home decor trends, plant parenting, cleaning, and other lifestyle topics. • Expertise in content marketing and email strategy for brands and small businesses About Nikola Gemeš Nikola Gemeš, an electrical engineer turned sustainability consultant, bridges the gap between complex environmental concepts and GreenCitizen readers with his well-researched, accurate content. His commitment to sustainability extends from his professional life to personal practices of recycling and home-grown food. An adventurer at heart, Nikola enjoys hiking, white-water sports, and pocket knife collecting. At Green Citizen, he's instrumental in presenting the best sustainable brands, aiding well-informed decision-making. He firmly believes in the collective power of individuals, experts, businesses, and governments to foster a world where sustainability, life quality, economic prosperity, diversity, mental health, and gender equality are core values. Experience Nikola Gemeš has a rich and diverse background in electrical engineering, which he utilizes to break down complex sustainability topics for his readers. His unique blend of technical knowledge and communicative skills has made him a crucial part of GreenCitizen. Nikola's experience has honed his ability to navigate through intricate data and research, ensuring the content he delivers is both accurate and reliable. His passion for educating and informing is palpable in the impact he has made on Green Citizen's readership. Outside of his professional endeavors, Nikola is deeply committed to environmental conservation in his personal life. This commitment is reflected in his everyday activities, from recycling to cultivating his own food. His hands-on approach to sustainability gives him a first-hand understanding of practical conservation efforts, further enriching the content he produces. These personal experiences often seep into his work, making it relatable and engaging for readers. Nikola's key role extends to assessing and presenting sustainable brands to his audience. His comprehensive grasp of sustainability allows him to critically evaluate and offer the best environmentally-friendly options available on the market. He aids readers in making informed decisions that have a positive impact on both their lives and the environment. His belief in collective efforts towards a sustainable world is evident in his work, as he consistently promotes values of quality life, economic prosperity, diversity, mental health, and gender equality.

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