If the Paris Agreement’s goal of bringing global temperature to 1.5 to 2 degrees Celsius, then key steps have to be taken such as a robust price on carbon says Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva. The IMF official made this declaration during her recent participation at the International Conference on Climate that was held in Venice.
There, Georgieva reminded world leaders of the need to cut global emissions by one quarter to one half over the next decade. Based on historic experience, the IMF Head said this may seem an impossible target. She noted however that “it is one we ought to and can achieve, with public support, technological breakthroughs, and the right policies.”