Forest Advocate: International Monetary Fund Says Benefits of Accelerating the Climate Transition Outweigh the Costs

Matt Leahy | January 25, 2024
A view into the green and lush woods on a trail at The Rocks.

One of the major topics regarding how society should address climate change is the perceived negative economic impacts from transitioning to a clean energy economy.  In a recent blog, the International Monetary Fund weighs in on this question. 

It notes that: “making an orderly transition to net zero by 2050 could result in global gross domestic product being 7 percent higher than under current policies.” 

This conclusion comes from the latest climate scenarios from the Network for Greening the Financial System, a group of 127 central banks and financial supervisors that deal with climate risks.