{
  "title": "The Climate Issue",
  "sourceUrl": "https://www.imf.org/en/publications/fandd/issues/2021/09/editors-letter-climate-issue-bhatt",
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  "summary": "This special issue of F&D on climate, in partnership with COP26, brings together a diverse range of voices from academics, policymakers, the private sector, and youth activists.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Title: The Climate Issue\n- Publication: F&D Magazine\n- Author/Editor: GITA BHATT\n- Date: September 2021\n- Read indicator: Less than a minute(0 words) Read\n- Framing: Special issue on climate, in partnership with COP26 (UN Climate Change Conference)"
    },
    {
      "heading": "Urgency and scale of the problem",
      "content": "- Analogy: “Two ways,” he answers. “Gradually, then suddenly.” (from Ernest Hemingway’s The Sun Also Rises) — used to frame climate risk.\n- The climate damage is becoming less gradual and risks reaching an irreversible tipping point.\n- Required ambition: “roughly halving carbon emissions each decade through 2050.”\n- Necessary shifts identified: rapidly shift to renewables, build new electricity networks, increase energy efficiency, and embrace low-carbon transport.\n- Enabler: Cheaper renewable energy and technology advances make the move from carbon affordable and feasible."
    },
    {
      "heading": "Key contributions and policy proposals",
      "content": "- Kristalina Georgieva (IMF): recommends credible carbon pricing policies to encourage the use of green energy.\n- James Stock (Harvard): advocates a shift to sector-specific policies, such as low-carbon aviation fuel.\n- Mark Carney (UN special envoy for climate action and finance): argues private finance can help turn the billions of public money into trillions of total climate investment; proposes ways to scale clean and green financial flows to emerging and developing countries.\n- Amar Bhattacharya and Nicholas Stern: identify concrete solutions that can generate massive opportunities for jobs and growth, driven by stepped-up infrastructure investment and technological innovation and supported by a dynamic private sector."
    },
    {
      "heading": "Perspectives from policymakers and countries",
      "content": "- Isabel Schnabel (European Central Bank): suggests ways for central banks to act as catalysts for a more sustainable financial system.\n- Aminath Shauna (Maldives Environment Minister): describes a holistic approach for a low-lying island nation to adapt to climate change, including preserving coral reefs and improving waste management.\n- Country case highlights: Dominica (coping with climate mitigation) and Finland (pursuing innovative adaptation approaches)."
    },
    {
      "heading": "Implementation challenges and distributional considerations",
      "content": "- Transition costs: No transition is easy; will require compensating workers and businesses that bear the cost of a green transition.\n- Political economy: Progress depends on breaking down political economy impediments to rapid action.\n- Collective action: Success depends on collaboration by citizens, governments, corporations, financial institutions, philanthropists, and the scientific community.\n- Finance gap: World leaders must expand ambition and action, including mobilizing finance to help developing economies adapt to climate shocks."
    },
    {
      "heading": "Outlook and narrative",
      "content": "- Opportunity framing: Transition can become “the inclusive growth story of the 21st century.”\n- Conditional optimism: If global actors rally to reverse the climate threat, “then we may suddenly have a net zero world in view.”\n- Note on opinions: Opinions expressed in articles and other materials are those of the authors; they do not necessarily reflect IMF policy.\n\nSource: The Climate Issue, F&D Magazine, GITA BHATT, September 2021.\n\n---\n\n Content in this bundle\n\n- رسالة من المحرر\n  - رسالة من المحرر (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - رسالة من المحرر (PDF){rel=\"external\" type=\"application/pdf\"}\n- Editor’s Letter: The Climate Issue  – IMF F&D\n  - Editor’s Letter: The Climate Issue  – IMF F&D (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Editor’s Letter: The Climate Issue  – IMF F&D (PDF){rel=\"external\" type=\"application/pdf\"}\n- El problema climático ● Finanzas y Desarrollo ● Septiembre de 2021\n  - El problema climático ● Finanzas y Desarrollo ● Septiembre de 2021 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - El problema climático ● Finanzas y Desarrollo ● Septiembre de 2021 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Editors Letter Climate Issue Bhatt Fr\n  - Editors Letter Climate Issue Bhatt Fr (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Editors Letter Climate Issue Bhatt Fr (PDF){rel=\"external\" type=\"application/pdf\"}\n- От редактора – Финансы и развитие – Нельзя терять время– сентябрь 2021 года\n  - От редактора – Финансы и развитие – Нельзя терять время– сентябрь 2021 года (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - От редактора – Финансы и развитие – Нельзя терять время– сентябрь 2021 года (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/fandd/issues/2021/09/editors-letter-climate-issue-bhatt"
    }
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    "Authors: GITA BHATT",
    "Published: September 2, 2021",
    "Title: The Climate Issue",
    "Publication: F&D Magazine",
    "Author/Editor: GITA BHATT",
    "Date: September 2021",
    "Read indicator: Less than a minute(0 words) Read",
    "Framing: Special issue on climate, in partnership with COP26 (UN Climate Change Conference)",
    "Analogy: “Two ways,” he answers. “Gradually, then suddenly.” (from Ernest Hemingway’s The Sun Also Rises) — used to frame climate risk.",
    "The climate damage is becoming less gradual and risks reaching an irreversible tipping point.",
    "Required ambition: “roughly halving carbon emissions each decade through 2050.”",
    "Necessary shifts identified: rapidly shift to renewables, build new electricity networks, increase energy efficiency, and embrace low-carbon transport.",
    "Enabler: Cheaper renewable energy and technology advances make the move from carbon affordable and feasible.",
    "Kristalina Georgieva (IMF): recommends credible carbon pricing policies to encourage the use of green energy.",
    "James Stock (Harvard): advocates a shift to sector-specific policies, such as low-carbon aviation fuel.",
    "Mark Carney (UN special envoy for climate action and finance): argues private finance can help turn the billions of public money into trillions of total climate investment; proposes ways to scale clean and green financial flows to emerging and developing countries.",
    "Amar Bhattacharya and Nicholas Stern: identify concrete solutions that can generate massive opportunities for jobs and growth, driven by stepped-up infrastructure investment and technological innovation and supported by a dynamic private sector.",
    "Isabel Schnabel (European Central Bank): suggests ways for central banks to act as catalysts for a more sustainable financial system.",
    "Aminath Shauna (Maldives Environment Minister): describes a holistic approach for a low-lying island nation to adapt to climate change, including preserving coral reefs and improving waste management.",
    "Country case highlights: Dominica (coping with climate mitigation) and Finland (pursuing innovative adaptation approaches).",
    "Transition costs: No transition is easy; will require compensating workers and businesses that bear the cost of a green transition.",
    "Political economy: Progress depends on breaking down political economy impediments to rapid action.",
    "Collective action: Success depends on collaboration by citizens, governments, corporations, financial institutions, philanthropists, and the scientific community.",
    "Finance gap: World leaders must expand ambition and action, including mobilizing finance to help developing economies adapt to climate shocks.",
    "Opportunity framing: Transition can become “the inclusive growth story of the 21st century.”",
    "Conditional optimism: If global actors rally to reverse the climate threat, “then we may suddenly have a net zero world in view.”",
    "Note on opinions: Opinions expressed in articles and other materials are those of the authors; they do not necessarily reflect IMF policy.",
    "**رسالة من المحرر**",
    "**Editor’s Letter: The Climate Issue  – IMF F&D**",
    "**El problema climático ● Finanzas y Desarrollo ● Septiembre de 2021**",
    "**Editors Letter Climate Issue Bhatt Fr**",
    "**От редактора – Финансы и развитие – Нельзя терять время– сентябрь 2021 года**"
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