Monday, October 2, 2023

IMF says private sector needs to shoulder most of climate investment burden

The International Monetary Fund (IMF) has stated that the majority of the $2 trillion in annual climate investments needed by developing countries by 2030 will have to come from the private sector. Governments risk accumulating high debts if they attempt to reach net-zero goals using public funds. The IMF recommends that countries develop carbon pricing schemes to raise revenue and encourage private investments.

from Economy-News-Economic Times https://ift.tt/n6XyiEx
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