Why the world needs an IMF for the climate crisis | Keston K Perry - News Summed Up

Why the world needs an IMF for the climate crisis | Keston K Perry


The climate crisis is of our own creation, particularly that of the richest countries whose development has been based on exploiting natural resources without end. By ceding to the power of certain dominant nations and multinational corporations, the World Bank, the IMF and the UN have ultimately exacerbated the climate crisis. The effects of the climate crisis will be most extreme for people in the global south. We would need to ensure financial stability and a mechanism for the transfer of resources through an international climate stabilisation fund – a sort of IMF targeting the climate crisis. We must build an intersectional and ethical global climate justice movement that brings together diverse peoples from different locations to deliver a green new world.


Source: The Guardian October 04, 2019 14:03 UTC



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