The IMF needs to mitigate climate transition risk
By Xiaobei He, Irene Monasteroloand Kevin P. GallagherBEIJING — The latest scientific assessment by the Intergovernmental Panel on Climate Change makes it abundantly clear that the costs of inaction on global warming are rising rapidly and will disproportionately fall on poorer countries that bear no responsibility for causing the problem. But what is often overlooked is