IMF, UN Seek Accelerated Strategies for Climate Action Finance

The International Monetary Fund, COP28 President-Designate and UN Special Envoy for Climate Action and Finance have called for measures to accelerate climate action and finance.

This is contained in a statement issued by the IMF Press Centre on Wednesday in Abuja.

The statement said Kristalina Georgieva, Managing Director, IMF, and Dr Sultan Al Jaber, COP28 President-Designate, co-chaired a roundtable discussion on Tuesday to discuss actions needed to urgently accelerate climate action and finance.

Mark Carney, UN Special Envoy for Climate Action and Finance and co-Chair of the Glasgow Financial Alliance for Net Zero also co-chaired the discussion hosted at the IMF.

It said participants at the roundtable included representatives from governments, international financial institutions, development banks, philanthropic organisations, and private financial institutions committed to net zero.

According to the statement, climate change is one of the most critical macroeconomic and financial policy challenges that IMF members face in the coming decades.

NAN/Hauwa Abu