Home > Western climate subsidies to hit emerging markets: IMF chief

Business
Western climate subsidies to hit emerging markets: IMF chief

Description

The head of the IMF warns that Western subsidies to combat climate change and encourage the transition to clean energy sources risk hitting developing and emerging markets. "My biggest concern is that something that in principle is very good to accelerate the transition to the green economy by using public money to step up private investment... may not serve well the emerging markets and the developing world," Kristalina Georgieva says at the World Economic Forum in Davos. SOUNDBITE

Added on the 20/01/2023 12:30:41 - Copyright : AFPTV - First images

To customise your video :

Or Create an account

More videos on the subject

  • UN chief warns Israeli assault on Rafah would have 'untold' consequences

    With the war in Gaza entering its fifth month, UN Secretary-General Antonio Guterres warns that if Israel pressed into the southern city of Rafah, as it reportedly plans to do, it "would exponentially increase what is already a humanitarian nightmare with untold regional consequences." "It is time for an immediate humanitarian ceasefire and the unconditional release of all hostages", he adds at the top of a speech to the General Assembly presenting his 2024 priorities. SOUNDBITE

    07/02/2024 - AFPTV - First images
  • Wildfires hit tourist haven in Argentina's Patagonia

    Wildfires rip through the Cerro Capitan hill near Bariloche, an iconic tourist town in Argentina's southern Patagonia region. The area affected by the fire is part of the Circuito Chico, a popular hiking trail among visitors. Temperatures in Patagonia, a normally cold and windy region, have topped 40 degrees Celsius (104 Fahrenheit) in the southern hemisphere summer, with two provinces declaring states of emergency due to fire risk until April. IMAGES

    05/02/2024 - AFPTV - First images
  • End to fossil fuels 'long overdue', says EU climate chief at COP28

    EU climate chief Wopke Hoekstra laments that it has taken "30 years" of UN climate talks for humanity to "arrive at the beginning of the end of fossil fuels," calling a first-ever call for the world to transition away from the top culprit of climate change behind a planetary crisis "long overdue." Following all-night negotiations, the draft deal proposed by the Emirati presidency of the COP28 summit in Dubai would, if adopted, mark the first time that all fossil fuels are addressed in the 28-year history of international climate conferences. SOUNDBITE

    13/12/2023 - AFPTV - First images
  • UAE 'rightly proud' of role in brokering climate deal: COP28 chief

    COP28 chief Sultan Al Jaber says the UAE is proud of its role in brokering UN climate deal that calls for the world to transition away from fossil fuels. SOUNDBITE

    13/12/2023 - AFPTV - First images
  • UN climate chief slams 'posturing' in COP28 talks

    UN climate chief Simon Stiell accuses nations of "posturing" at the COP28 talks in Dubai and urged them to reach an ambitious deal to ensure the world meets its targets against global warming. Stiell called a brief press conference as countries were sharply divided over the fate of fossil fuels in a new draft agreement, with a week left for negotiators to reach a deal. SOUNDBITE

    06/12/2023 - AFPTV - First images

More videosBusiness

Watch video of The Post-Brexit Recovery Across European Markets Has Stalled With Major Share Indexes Mixed And Safe-haven Demand For Precious Metals Helping The Price Of Silver Surge To A Near-two Year High.  But,  As Sonia Legg Reports, Trading Volumes Were Light Becasue Of The July 4 Public Holiday In The United States. - European shares end post-Brexit rally - Label : Reuters EN -
Business

European shares end post-Brexit rally

04/07/2016 15:56:29

Watch video of BP Slumps To Its Worst Annual Loss In 2015, The British Oil And Gas Company Announces, And Says It Will Cut Thousands More Jobs In The Face Of A Deep Rout In Oil Prices. Hayley Platt Reports - Oil prices drag BP to worst annual loss - Label : Reuters EN -
Business

Oil prices drag BP to worst annual loss

02/02/2016 14:51:34