IMF research flags urgent need for climate policy framework
Co-ordination of fiscal, financial and monetary instruments will be needed, say authors
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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