Wednesday, February 6, 2013

Without climate action, future generations will be ‘fried’: IMF chief

by Sophie Vorrath

Another day, another icon of the global financial system becomes a climate hawk.
You may recall World Bank President Jim Yong Kim said of the climate crisis: “If there is no action soon, the future will become bleak.”
Turns out IMF managing director Christine Lagarde is also a climate hawk — and she’s the former conservative finance minister of France.
At the World Economic Forum in Davos, she said, “the real wild card in the pack” of economic pivot points is “Increasing vulnerability from resource scarcity and climate change, with the potential for major social and economic disruption.” She called climate change “the greatest economic challenge of the 21st century.”

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