IMF research flags urgent need for climate policy framework

Climate change: Where can central banks contribute?

There is an urgent need to design a policy framework capable of mitigating climate change, says research published by the International Monetary Fund.

In Macroeconomic and financial policies for climate change mitigation: a review of the literature, Signe Krogstrup and William Oman acknowledge the current academic literature fails to provide a satisfactory answer.

Their study considers what it is required to foster a large-scale transition to a low-carbon economy. “The literature provides a

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