Exclusive: IMF chief demands end to 'business as usual' ahead of COP28
By Simon Jessop and Karin StroheckerNovember 29, 20237:34 AM GMT+8Updated a day ago
- Summary
- Looking at additional ways to use Special Drawing Rights
- Carbon price needs to hit $85/ton by 2030, from $75/t
- Working with World Bank on climate-linked restructurings
Speaking to Reuters as the annual U.N. event prepares to open in Dubai on Thursday, Kristalina Georgieva said climate-damaging carbon emissions needed to fall between 25% and 50% by 2030 but pledges so far would only lead to a "meagre" 11% cut.