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IMF, World Bank heads lend clout to climate change efforts

2013-10-08 16:28:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The world's finance ministers should focus on two elements to tackle climate change: setting the "right price" on carbon emissions and phasing out fossil fuel subsidies, International Monetary Fund chief Christine Lagarde said on Tuesday. At a panel on the opening day of their 2013 autumn meeting, Lagarde and World Bank Group President Jim Young Kim said climate change was a priority for their lending institutions, the first time the two had addressed the issue together in public. Lagarde said...

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