IMF warns emissions policies 'grossly insufficient' and urges green recovery

International Monetary Fund warns window for holding temperature increases to safe levels is rapidly closing'

The International Monetary Fund says a combination of carbon pricing and an initial green stimulus" would turbocharge economic recovery from the coronavirus, and help put the global economy on a sustainable growth path post-pandemic.

The IMF has used the World Economic Outlook, which analyses the impact of the pandemic on the global economy, to castigate existing policies to reduce emissions as grossly insufficient to date".