Christine Lagarde said recently: \u00a0\u201cChina is on the way to a new growth model, and the US monetary policy probably goes in a new direction. These are necessary and healthy transitions. But they affect other countries around the world through trade, exchange rates, by investment markets and capital flows.” \u00a0Or spillovers.<\/p>\n
The finance ministers of the leading industrial and emerging countries (G20) are developing a comprehensive action plan to commit 100 billion dollars envisaged by 2020 annually to public and private capital to combat and adapt to climate change. \u00a0According to the OECD Interim Report: 60 percent of this money has been pledged.<\/p>\n
The Climate Fund was formed\u00a0to benefit mainly developing and emerging countries, and is considered fundamental to finalize a global climate treaty with greenhouse gas reduction commitments by 190 countries in December in Paris. \u00a0Without action \u201cwe will transform ourselves into chicken and we are all fried, grilled, toasted and roasted,\u201d Lagarde warned.<\/p>\n
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