The year 2022 has been marked by a number of extreme metrological phenomena: heatwaves, drought, forest fires, extreme heat waves which, according to the World Meteorological Organisation (WMO), cost billions of dollars and had an impact on millions of people around the world.
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IMF calls on the private sector to support its climate change fund In an interview with AFP, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, said that the institution’s new fund to help countries cope with the consequences of global warming has not yet been sufficiently funded. The head of the IMF explained that without the mobilisation of the institution’s partners and the private sector, the effects of this new fund would remain “insufficient” in the face of growing needs. Head of the institution said that the IMF has the tools and experience to boost and channel private finance to emerging and developing markets. The IMF Resilience and Sustainability Trust (RST) was launched a year ago and became operational last October. It is currently funded by $40 billion and has already activated loans to Costa Rica and Rwanda.
In an interview with AFP, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, said that the institution’s new fund to help countries cope with the consequences of global warming has not yet been sufficiently funded.
Canada: Montreal to host biodiversity COP15 after a two-year delay
The COP 15 on biodiversity began its work on 7 December in Montreal, Canada, with the participation of representatives of the 195 signatory states of the Convention on Biological Diversity.
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