Opinion / #climate finance
As the only multilateral institution charged with maintaining global financial and fiscal stability, the IMF’s role is critical for addressing climate change.
A new international tax taskforce is exploring tax policies that could finance sustainable development and climate action. This could pave the way for a fair taxation system that would accelerate a just transition.
Non-populist policies pose risks for politicians. Prabowo Subianto, who has claimed victory in the Indonesian presidential elections, is looking at creating five million green jobs, but stops short of pledging to phase out fossil fuels subsidies.
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Mutual benefits are assured when the financial sector collaborates with palm oil stakeholders. FIs can help smallholders secure credit, while getting access to data and insights required to make sound and profitable investment decisions.
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