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IMF estimates costs of fighting climate crisis at $10 trillion

The world community will have to allocate from $ 6 to $ 10 trillion in the next ten years to overcome the consequences of the climate crisis. The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said. Life reports.

She stressed that not billions, but trillions of dollars are needed now. According to Kristalina Georgieva, the IMF is dealing with the climate issue, as it is important for the members of the organization.

«I don’t think there are many people today who believe that climate change is not macro-critical for economic stability, growth and employment. It matters,» Kristalina Georgieva said speaking at Reuters Next virtual global conference.

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