Climate Changed
IMF Urges Action on Climate Crisis as Paris Accord Falls Short
A student looks at a meltwater stream on the Glacial Ice Sheet, Greenland.
Photographer: Joe Raedle/Getty Images
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The International Monetary Fund issued its most emphatic statement on climate change yet, calling it a crisis that requires immediate action from all levels of government.
Countries need to immediately adopt carbon pricing or similar programs such as emissions trading and regulations, reform tax systems to help ease the burden on lower-income individuals and make such initiatives politically acceptable, the IMF said in a report published Thursday.