TNPSC Thervupettagam

Climate Change platform

April 13 , 2021 1321 days 843 0
  • The World Bank and International Monetary Fund have launched a platform to advise the poor countries on funding for conservation and climate activities.
  • Both the financial organizations will use the platform to factor climate change into negotiations about reducing debt burdens of poor countries.
  • According to the World Bank and IMF, there prevail twin global problems.
  • They are
    • The need to restructure or reduce the heavy debt burden of poor countries
    • The need to reduce fossil fuel emissions contributing to climate change
  • Therefore, the solution of including climate change into debt restructuring process will help motivate to reduce this.

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