The International Monetary Fund (IMF) says its primary role is to help countries tackle balance of payments problems, stabilise their economies, and restore sustainable economic growth. Dileimy Orozco and Njavwa Sanga at E3G and Alexia Meynier at ENGIE Impact explain that the IMF has now elevated climate change to one of its top priorities, considering it a systemic risk for the stability of the global economy and financial system. Until now, the … [Read more...]
Kenya, Bangladesh: Environmental rulings stall coal plans. So should the economics
The construction of two coal-fired power plants has been stalled in Kenya by the Kenyan courts and in Bangladesh by UNESCO, both for environmental reasons. It’s an opportunity for the two countries to also recognise the purely commercial reasons to go for renewables, says Simon Nicholas of IEEFA. While most of Asia has been powering ahead with renewables, Bangladesh has been lagging behind. But a continued rollout of renewable energy will quickly … [Read more...]
