Thu | Dec 14, 2017

IMF chief warns of 'dark future' over climate change

Published:Thursday | October 26, 2017 | 12:00 AM
Dr Sebastian Acevedo Meija (left), economist with the International Monetary Fund, answers questions about his presentation on the effects of weather shocks on economic activity, during a panel discussion on Hurricanes and the Caribbean forum hosted by the Caribbean Policy Research Institute in partnership with other stakeholders at the University of the West Indies Regional Headquarters on Monday. Beside him are UWI lecturers Nekeisha Spencer (centre) and Professor Anthony Chen.

The world will be in deep trouble if it fails to tackle climate change and inequality, Christine Lagarde, International Monetary Fund (IMF) chief, warned on Monday.

"If we don't address these issues, we will be moving to a dark future," she told a major economic conference in Saudi Arabia.

Lagarde said that "we will be toasted, roasted and grilled" if the world fails to take "critical decisions" on that problem.

In 2015, around 195 nations signed the Paris climate agreement, which sets measures to reduce greenhouse gas emissions to prevent temperatures rising by more than two degrees in around 50 years.

Here in Jamaica, IMF economist Dr Sebastian Acevedo Meija (left), gave a presentation on the effects of weather shocks on economic activity, during a panel discussion on hurricanes and the Caribbean, hosted by the Caribbean Policy Research Institute in partnership with other stakeholders at the University of the West Indies Regional Headquarters on Monday.