IMF

IMF Experts Call for Carbon Pricing to Implement Paris Agreement [viewed]

IMF11 January 2016: In a report published as part of the International Monetary Fund (IMF) Staff Discussion Note (SDN) series, experts examine the role that fiscal polices can play in assisting countries to implement the Paris Agreement adopted at the end of 2015. The paper, titled 'After Paris: Fiscal, Macroeconomic, and Financial Implications of Climate Change,' considers how developing and developed countries alike can prevent deaths, raise revenue for adaptation and attract private finance flows for mitigation by getting fiscal policies right, with a focus on carbon pricing.

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Carbon Pricing Leadership Coalition Launched [viewed]

cpl30 November 2015: Governments, businesses and NGOs launched the Carbon Pricing Leadership Coalition on the sidelines of the Paris Climate Change Conference to support the expansion of effective carbon pricing, successful carbon pricing policy development and the use of carbon pricing in business.

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October 2015 Climate Finance Update [viewed]

adb_afdb_eib_ebdr_idb_cbd_wb_gcf_pmr_af_ifad_unepdtu_unfccc_un2 November 2015: During the month of October, the Asian Development Bank (ADB), the African Development Bank (AfDB), the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), the Inter-American Development Bank (IDB), the Caribbean Development Bank (CDB), the World Bank, the Green Climate Fund (GCF), the Adaptation Fund and others reported on funding, project news and other climate-related finance developments. Multilateral development banks, environmental funds and UN entities also released studies, newsletters and reports on, inter alia, food security, access to finance, green bonds, black carbon and private sector climate finance.

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Global Leaders Launch Carbon Pricing Panel [viewed]

cpl20 October 2015: Global leaders have come together to launch the Carbon Pricing Panel and to urge countries and companies around the world to put a price on carbon pollution. The Carbon Pricing Panel was convened by World Bank Group President Jim Yong Kim and the Managing Director of the International Monetary Fund (IMF) Christine Lagarde, joined by the Secretary General of the Organisation for Economic Co-operation and Development (OECD) Angel Gurria.

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WBG/IMF Annual Meetings Address Climate Change, SDGs [viewed]

wbg.imf11 October 2015: The 2015 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF), which met from 9-11 October 2015 in Lima, Peru, were the first to be held in Latin America since 1967. The meetings consisted of plenary sessions, panel discussions and seminars, which addressed, inter alia, inequality, the economic slowdown, renewable energy, climate change, and the Bank's twin goals of ending extreme poverty by 2030 and boosting shared prosperity. They brought together government ministers, development experts, CEOs and celebrities.

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September 2015 Climate Finance Update [viewed]

September 2015 Climate2 October 2015: During the month of September, the Asian Development Bank (ADB), the African Development Bank (AfDB), the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), the World Bank, the Green Climate Fund (GCF) and the Global Environment Facility (GEF) reported on new funding, and project news and other climate finance-related developments. Multilateral development banks, climate funds, and others released studies, briefs and reports, including on carbon pricing and climate resilience, and reported on events on climate finance readiness and disaster risk financing.

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IMF, USAID to Cooperate on Capacity Development [viewed]

imf_usaid20 August 2015: The US Agency for International Development (USAID) and the International Monetary Fund (IMF) have signed a Memorandum of Understanding (MOU) to enhance their cooperation in capacity development.

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IISD GSI Event: Fossil-Fuel Subsidies Reform Can Finance Development [viewed]

gsi-fffsr 14 July 2015: Reforming fossil-fuel subsidies can free up funds for investing in sustainable development and reduce global greenhouse gas (GHG) emissions by approximately 10%, according to a high-level side event held at the Third International Conference on Financing for Development (FfD3) in Addis Ababa, Ethiopia. Participants also underlined that current low international energy prices create a window of opportunity for fossil-fuel subsidy reform.

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MDBs Will Collaborate to Mobilize Resources for Achievement of SDGs [viewed]

mdbs_210 July 2015: In the lead-up to the Third International Conference on Financing for Development (FfD), the African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IADB), World Bank Group and the International Monetary Fund (IMF) signaled their intention to extend over US$400 billion in financing over the next three years and to work more closely with each other and with public and private sector partners to mobilize resources to support the achievement of the proposed Sustainable Development Goals (SDGs).

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IMF Estimates Global Energy Subsidies at US$5.3 Trillion [viewed]

IMF18 May 2015: A study by the International Monetary Fund (IMF) concludes that, despite the decline in energy prices, global energy subsidies are “dramatically higher than previously estimated.” The working paper, which presents updated information on regional and global energy subsidies, argues that subsidy reform is in countries' own interests given related fiscal, environmental and welfare benefits.

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