WASHINGTON, Oct 2 - Most of the $2 trillion in annual climate investments in developing countries needed by 2030 will have to come from the private sector, the IMF said, warning that governments risk high debts if they try to reach net-zero goals with public funds.
BY THE NUMBERS Of the $5 trillion in annual investments needed globally by 2030 to meet net-zero emissions goals, $2 trillion will need to be made in emerging markets and developing economies. The Fund's Fiscal Monitor estimates that relying on public spending to fund de-carbonization investments on this scale would cause a massive, unsustainable run-up in debts, possibly to 45% to 50% of gross domestic product for a large, high-emitting emerging market.
"While no single measure can fully deliver the climate goals, carbon pricing should be an integral part of any policy package," Fiscal Monitor authors said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
In the Market: US bond market signals the end of an eraThe U.S. bond market is calling a moment: the age of low interest rates and inflation that began with the 2008 financial crisis has ended. The market's view has come into sharp focus in recent days amid a dramatic run-up in 10-year Treasury yields that hit 16-year highs. Behind that move is a bet that the disinflationary forces the Federal Reserve fought with its easy money policies in the aftermath of the financial crisis have abated, according to investors and a regularly updated New York Fed model based on yields.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
In the Market: US bond market signals the end of an eraBy Paritosh Bansal (Reuters) - The U.S. bond market is calling a moment: the age of low interest rates and inflation that began with the 2008 financial ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
LACKIE: September market stats will tell the tale of a market in transitionNow that September has come to a close, we can all wait with bated breath for the data that will show how the real estate market fared.
Source: TheTorontoSun - 🏆 23. / 68 Read more »
US futures steady after lawmakers avert shutdown: Stock market news todayStocks lost hold of earlier premarket gains as investors weighed what the deal to avert shutdown means.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Prairie Grid Dinner & Market event | Watch News Videos OnlineWatch Prairie Grid Dinner & Market event Video Online, on GlobalNews.ca
Source: GlobalCalgary - 🏆 50. / 61 Read more »