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Thursday, September 28, 2017

Climate Change: Do more to help poor nations cope with climate change, IMF tells rich countries

Do more to help poor nations cope with climate change, IMF tells rich countries

The International Monetary Fund has told rich countries they must do more to help poor nations cope with climate change or suffer from the weaker global growth and higher migration flows that will inevitably result.

In a chapter released ahead of the publication of next month’s World Economic Outlook, the Washington-based IMF said low-income countries had contributed little to the increase in greenhouse gas concentrations and could not afford to tackle the problem from their own meagre resources.

“Rising temperatures would have vastly unequal effects across the world, with the brunt of adverse consequences borne by those who can least afford it,” the IMF said.

“The international community will have a key role to play in fostering and coordinating financial and other types of support for affected low-income countries. With advanced and emerging market economies contributing the lion’s share to the warming that has occurred so far and is projected to continue, helping low-income countries cope with its consequences is a humanitarian imperative and sound global economic policy.”


Full story at http://bit.ly/2wnGSAW


Source: The Guardian


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