{ "title": "Climate Change: No Time to Waste", "sourceUrl": "https://www.imf.org/en/publications/fandd/issues/2021/09/kristalina-georgieva-climate-issue", "canonical": "https://www.imf.org/en/publications/fandd/issues/2021/09/kristalina-georgieva-climate-issue", "overlayPath": "/en/publications/fandd/issues/2021/09/kristalina-georgieva-climate-issue/index.md", "summary": "IMF Managing Director Kristalina Georgieva opens F&D magazine’s special climate issue with a call to action: we have no time to waste.", "sections": [ { "heading": "Urgency and public awareness", "content": "- Author and context:\n - KRISTALINA GEORGIEVA, Managing Director of the International Monetary Fund.\n - F&D Magazine, September 2021.\n- Public concern:\n - A majority of people consider climate change a global emergency—“well above half in middle-income and least developed countries, and nearly three-quarters among people in small island states and high-income countries.”\n - The COVID-19 pandemic has heightened concerns: \"43 percent are more worried about climate change now.\"\n- Framing:\n - The issue’s cover art by Nor Tijan Firdaus depicts consequences of changing climate, biodiversity loss, and environmental degradation.\n - Call to action: “We have no time to waste. As we look ahead to COP26, we must be ready to move decisively—together.”" }, { "heading": "Lessons from COVID-19 and the need for rapid action", "content": "- Innovation and policy lessons:\n - Breakthroughs in science and technology (COVID-19 vaccines) are presented as a model for rapid development and commercialization of low-carbon technologies.\n - Policy responses to the pandemic show that governments can take unprecedented action when needed.\n- Imperative:\n - “It is critical to act with the same determination to address climate change and speedily put in place policies that can make a difference.”" }, { "heading": "Key policy prescriptions", "content": "- Remove fossil fuel subsidies:\n - Recommendation: “Rid itself of all fossil fuel subsidies—equivalent to more than $5 trillion annually.”\n- Carbon pricing:\n - Robust carbon pricing needed to redirect private investment and encourage energy efficiency.\n - Specific target: average global carbon price of \"$75 per ton by 2030,\" up from \"today’s $3 per ton.\"\n - Institutional option: “Major emitters agreeing on an international carbon price floor would be a good start.”\n- Scale up green investments:\n - IMF staff research projects that green supply policies could \"raise global GDP by about 2 percent this decade and create millions of new jobs.\"\n - Financing mix: \"On average, about 30 percent of new investment is expected from public sources,\" making private finance mobilization vital.\n- Just transition measures:\n - Use revenues from carbon pricing for cash transfers, social safety nets, retraining, and other compensation for workers and businesses in affected high-emission sectors.\n - Examples cited: Germany’s national emissions trading system and the EU’s planned Just Transition Mechanism.\n - International support: developed economies should fulfill their commitment to provide \"$100 billion a year in climate finance for the developing world.\"" }, { "heading": "Summary conclusions", "content": "- Central message: Translate concern into action through market signals, scaled green investment, and policies ensuring a just transition.\n- Final injunction: “We know what must be done; now we must do.”\n\nKristalina Georgieva, F&D Magazine, September 2021. International Monetary Fund.\n\n---\n\n Content in this bundle\n\n- لا وقت نضيعه\n - لا وقت نضيعه (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - لا وقت نضيعه (PDF){rel=\"external\" type=\"application/pdf\"}\n- No hay tiempo que perder ● Finanzas y Desarrollo ● Septiembre de 2021\n - No hay tiempo que perder ● Finanzas y Desarrollo ● Septiembre de 2021 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - No hay tiempo que perder ● Finanzas y Desarrollo ● Septiembre de 2021 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Pas de temps à gaspiller\n - Pas de temps à gaspiller (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Pas de temps à gaspiller (PDF){rel=\"external\" type=\"application/pdf\"}\n- Kristalina Georgieva: No Time to Waste – IMF F&D\n - Kristalina Georgieva: No Time to Waste – IMF F&D (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Kristalina Georgieva: No Time to Waste – IMF F&D (PDF){rel=\"external\" type=\"application/pdf\"}\n- Нельзя терять время – Финансы и развитие – Нельзя терять время– сентябрь 2021 года\n - Нельзя терять время – Финансы и развитие – Нельзя терять время– сентябрь 2021 года (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Нельзя терять время – Финансы и развитие – Нельзя терять время– сентябрь 2021 года (PDF){rel=\"external\" type=\"application/pdf\"}\n- 刻不容缓 - 金融与发展 - 国际货币基金组织季刊 2021年9月号·第58卷·第3期\n - 刻不容缓 - 金融与发展 - 国际货币基金组织季刊 2021年9月号·第58卷·第3期 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - 刻不容缓 - 金融与发展 - 国际货币基金组织季刊 2021年9月号·第58卷·第3期 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/fandd/issues/2021/09/kristalina-georgieva-climate-issue" } ], "bullets": [ "[Markdown version](/en/publications/fandd/issues/2021/09/kristalina-georgieva-climate-issue/index.md)", "[Structured JSON version](/en/publications/fandd/issues/2021/09/kristalina-georgieva-climate-issue/index.json)", "[Bundle manifest](/en/publications/fandd/issues/2021/09/kristalina-georgieva-climate-issue/bundle-manifest.json)", "Authors: KRISTALINA GEORGIEVA", "Published: September 2, 2021", "Author and context:", "Public concern:", "Framing:", "Innovation and policy lessons:", "Imperative:", "Remove fossil fuel subsidies:", "Carbon pricing:", "Scale up green investments:", "Just transition measures:", "Central message: Translate concern into action through market signals, scaled green investment, and policies ensuring a just transition.", "Final injunction: “We know what must be done; now we must do.”", "**لا وقت نضيعه**", "**No hay tiempo que perder ● Finanzas y Desarrollo ● Septiembre de 2021**", "**Pas de temps à gaspiller**", "**Kristalina Georgieva: No Time to Waste – IMF F&D**", "**Нельзя терять время – Финансы и развитие – Нельзя терять время– сентябрь 2021 года**", "**刻不容缓 - 金融与发展 - 国际货币基金组织季刊 2021年9月号·第58卷·第3期**" ], "related": [ { "title": "لا وقت نضيعه", "role": "document", "sourceUrl": "https://www.imf.org/-/media/files/publications/fandd/article/2021/september/ar/georgieva.pdf", "summary": { "path": "/-/media/files/publications/fandd/article/2021/september/ar/georgieva.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/fandd/article/2021/september/ar/georgieva.pdf", "mime": "application/pdf" } }, { "title": "No hay tiempo que perder ● Finanzas y Desarrollo ● Septiembre de 2021", "role": "document", "sourceUrl": "https://www.imf.org/-/media/files/publications/fandd/article/2021/september/es/kristalina-georgieva-climate-issue-es.pdf", "summary": { "path": "/-/media/files/publications/fandd/article/2021/september/es/kristalina-georgieva-climate-issue-es.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/fandd/article/2021/september/es/kristalina-georgieva-climate-issue-es.pdf", "mime": "application/pdf" } }, { "title": "Pas de temps à gaspiller", "role": "document", "sourceUrl": "https://www.imf.org/-/media/files/publications/fandd/article/2021/september/fr/kristalina-georgieva-climate-issue-fr.pdf", "summary": { "path": "/-/media/files/publications/fandd/article/2021/september/fr/kristalina-georgieva-climate-issue-fr.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/fandd/article/2021/september/fr/kristalina-georgieva-climate-issue-fr.pdf", "mime": "application/pdf" } }, { "title": "Kristalina Georgieva: No Time to Waste – IMF F&D", "role": "document", "sourceUrl": "https://www.imf.org/-/media/files/publications/fandd/article/2021/september/kristalina-georgieva-climate-issue.pdf", "summary": { "path": "/-/media/files/publications/fandd/article/2021/september/kristalina-georgieva-climate-issue.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/fandd/article/2021/september/kristalina-georgieva-climate-issue.pdf", "mime": "application/pdf" } }, { "title": "Нельзя терять время – Финансы и развитие – Нельзя терять время– сентябрь 2021 года", "role": "document", "sourceUrl": "https://www.imf.org/-/media/files/publications/fandd/article/2021/september/ru/georgieva-ru.pdf", "summary": { "path": "/-/media/files/publications/fandd/article/2021/september/ru/georgieva-ru.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/fandd/article/2021/september/ru/georgieva-ru.pdf", "mime": "application/pdf" } }, { "title": "刻不容缓 - 金融与发展 - 国际货币基金组织季刊 2021年9月号·第58卷·第3期", "role": "document", "sourceUrl": "https://www.imf.org/-/media/files/publications/fandd/article/2021/september/zh/georgieva.pdf", "summary": { "path": "/-/media/files/publications/fandd/article/2021/september/zh/georgieva.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/fandd/article/2021/september/zh/georgieva.pdf", "mime": "application/pdf" } } ], "alternates": { "markdown": "/en/publications/fandd/issues/2021/09/kristalina-georgieva-climate-issue/index.md", "json": "/en/publications/fandd/issues/2021/09/kristalina-georgieva-climate-issue/index.json", "bundleManifest": "/en/publications/fandd/issues/2021/09/kristalina-georgieva-climate-issue/bundle-manifest.json" }, "generatedAtUtc": "2026-09-15T17:00:49.112Z" }