IMF Launches Climate Change Indicators Dashboard

IMF News, April 7, 2021

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IMF Launches Climate Change Indicators Dashboard

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Bibliographic details

• Published: April 7, 2021

Overview

• Press Release No. 21/102
• Date: April 7, 2021
• Issuer: IMF Communications Department
• MEDIA RELATIONS PRESS OFFICER: Pemba Sherpa
• Phone: +1 202 623-7100Email: MEDIA@IMF.org
• Social: @IMFSpokesperson
• Announcement: The International Monetary Fund (IMF) launched a new Climate Change Indicators Dashboard—an international statistical initiative to address the growing need for data in macroeconomic and financial policy analysis to facilitate climate change mitigation and adaptation.
• Purpose statement (quote): “To develop the right measures to tackle climate change, governments need robust and comparable data. The new IMF Dashboard will help fill data gaps, so policymakers can undertake the macroeconomic and financial analysis that underpins effective policies,” IMF Managing Director Kristalina Georgieva said.

Indicators and Coverage

• The Dashboard is a single platform that brings together experimental climate change indicators that allows comparison across countries.
• The indicators presented are the result of estimates from IMF staff and other publicly available data sources.
• The indicators are grouped into 4 categories:
  • Economic Activity and Climate
  • Cross-Border
  • Financial, Physical and Transition Risks
  • Government Policy indicators
• The four categories broadly reflect four dimensions: production, consumption and final demand, financing, and government policies.
• The Dashboard covers:
  • greenhouse gas emissions from economic activity
  • trade in environmental goods
  • green finance
  • government policies
  • physical and transition risks
• Additional indicators, country coverage and granularity are planned to be added over time.

Data Sources and Partnerships

• The indicators have been developed in cooperation with international organizations and other agencies including:
  • Organisation for Economic Co-operation and Development (OECD)
  • World Bank Group (WBG)
  • United Nations (UN)
  • European Commission
  • European Statistical Office (Eurostat)
  • Food and Agriculture Organization (FAO)
  • International Energy Agency (IEA)
  • National Oceanic and Atmospheric Administration (NOAA)

Intended Use and Rationale

• The selection and development of the experimental indicators are driven by the IMF’s need for member countries surveillance, monitoring, policy making, and research.
• The Dashboard aims to fill data gaps so policymakers can undertake macroeconomic and financial analysis that underpins effective climate mitigation and adaptation policies.

Source: IMF Press Release No. 21/102, April 7, 2021.

References

• https://www.imf.org/en/about/senior-officials/bios/kristalina-georgieva
• The IMF and Climate Change
• Press Releases
• PRESS CENTER
• Climate Change Indicators Dashboard
• Economic Activity and Climate
• Cross-Border
• Financial, Physical and Transition Risks
• Government Policy indicators
• https://www.imf.org/en/home