IMF Proposes “Green Fund” for Climate Change Financing
The world must adopt a low-carbon model for growth as it rebuilds from the global economic crisis, Dominique Strauss-Kahn, Managing Director of the International Monetary Fund, said at the World Economic Forum in Davos.
To help finance this shift in the global economy, the IMF is working on a set of proposals to create a multi-billion dollar “Green Fund” that would provide the huge sums—which could climb to $100 billion a year in a few years—needed for countries to confront the challenges posed by climate change.
http://www.imf.org/external/pubs/ft/survey/so/2010/NEW013010A.htm
Tags: Adaption
