IMF, World Bank to unveil ‘green debt swaps’ option by November, Georgieva says
Green debt swaps have the potential to spur accelerated action on climate change in developing countries, the head of the International Monetary Fund said on Thursday, pledging to present an option for such instruments by November.
IMF Managing Director Kristalina Georgieva said it made sense to address the dual climate and debt crises at the same time, and IMF members on Thursday had strongly backed the Fund taking a bigger role on the issue of climate risk.
“When we are faced with this dual crisis – the debt pressures on countries and the climate crisis, to which many low-income countries are highly, highly vulnerable – it makes sense to seek this unity of purpose,” Georgieva said.
Minister hosts United Kingdom s first secretary » Borneo Bulletin Online borneobulletin.com.bn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from borneobulletin.com.bn Daily Mail and Mail on Sunday newspapers.
The UK s largest free electric car charging network - installed across hundreds of Tesco stores - has now provided users with more than 10million miles of carbon-neutral motoring, new figures have revealed.
The supermarket giant, in partnership with Volkswagen and Pod Point, has been installing free charging points at 600 of its supermarkets across the UK.
And it has now been revealed that the partnership has provided its 500,000th free top-up.
According to the figures, this is equal to three million kWh of electricity - enough to power an electric Volkswagen ID.4 SUV for around 10.4 million miles.
The UK s largest free electric car charging network, installed at hundreds of Tesco stores (pictured), has provided shoppers with more than 10million miles of carbon-neutral motoring, new figures have revealed
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WASHINGTON (Reuters) - Green debt swaps have the potential to spur accelerated action on climate change in developing countries, the head of the International Monetary Fund said on Thursday, pledging to present an option for such instruments by November.
FILE PHOTO: IMF Managing Director Kristalina Georgieva speaks at a news conference ahead of the World Economic Forum (WEF) in Davos, Switzerland January 20, 2020. REUTERS/Denis Balibouse/File Photo
IMF Managing Director Kristalina Georgieva said it made sense to address the dual climate and debt crises at the same time, and IMF members on Thursday had strongly backed the Fund taking a bigger role on the issue of climate risk.
Ushering in a new era of climate diplomacy indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.