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Political Science > Environmental Policy

You are looking at 1 - 3 of 3 items for :

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Cover Policy Papers
Interim Review of The Resilience and Sustainability Trust and Review of Adequacy of Resources
International Monetary Fund. Strategy, Policy, & Review Department, International Monetary Fund. Finance Dept., and International Monetary Fund. Legal Dept.
The Resilience and Sustainability Trust (RST) provides affordable longer-term financing to help eligible IMF members address longer-term structural challenges, thereby progressing toward strengthening their prospective balance of payments stability. This paper takes stock of the initial experience with the RST—focusing on progress and challenges so far—and proposes fine-tuning RST design with a view to strengthening implementation of the Trust’s objectives. The paper also provides an assessment of the adequacy of the Trust’s resources and finds that increased near-term fundraising will be needed to meet strong demand. The Trust’s reserves remain adequate in the baseline and under a range of risk scenarios.
Keywords:
Resilience; sustainability; financing; climate change; pandemics; policy; RSF arrangement; reform package; RST design; RST financing; RST fundraising target; Climate finance; Climate policy; Natural disasters; Global
Cover IMF Staff Country Reports
Jamaica: Technical Assistance Report-Climate Public Investment Management Assessment (C-PIMA)
International Monetary Fund. Fiscal Affairs Dept.
This paper presents Jamaica’s Technical Assistance report on climate public investment management assessment (C-PIMA). Jamaica’s dependence on fossil fuels imports for energy generation calls for a transition to renewables even though Jamaica’s contribution to the worldwide greenhouse gases emissions is insignificant. Climate risks and natural disasters pose major threats to Jamaica’s public infrastructure and there is considerable scope to strengthen climate-responsive public investment. The C-PIMA assessment makes eight high-priority recommendations, which could improve climate-related public investment management processes in Jamaica and support green and sustainable economic growth. Progress has been made in the development of a comprehensive climate change policy framework and in planning for disaster risk financing. However, coordination across the central government and with municipal corporations is weak with no institution positioned strategically to lead either adaptation or mitigation related investments. The paper provides an action plan for the implementation of these recommendations over the short and medium term, identifies responsible agencies and areas where additional technical assistance could be useful.
Keywords:
country GHG emission; C-PIMA questionnaire; C-PIMA institution; risk assessment tool; authorities of Jamaica; Jamaica bauxite Institute; green Climate fund; staff team of the International Monetary Fund; climate change Policy framework; Climate change; Natural disasters; Climate policy; Public investment spending; Caribbean
Cover IMF Working Papers
Waiting for Godot? The Case for Climate Change Adaptation and Mitigation in Small Island States
Mr. Serhan Cevik
Global warming is the most significant threat to ecosystems and people’s health and living standards, especially in small island states in the Caribbean and elsewhere. This paper contributes to the debate by analyzing different options to scale up climate change mitigation and adaptation. In particular, the empirical analysis indicates that increasing energy efficiency and reducing the use of fossil fuel in electricity generation could lead to a significant reduction in carbon emissions, while investing in physical and financial resilience would yield long-run benefits. From a risk-reward perspective, the advantages of reducing the risks associated with climate change and the health benefits from higher environmental quality clearly outweigh the potential cost of climate change mitigation and adaptation in the short run. The additional revenue generated by environmental taxes could be used to compensate the most vulnerable households, building a multilayered safety net, and strengthening structural resilience.
Keywords:
Climate change; decarbanization; energy efficiency; mitigation; adaptation; carbon tax; green financing; climate change mitigation; risk-reward perspective; Island state; adaptation strategy; climate change adaptation; Greenhouse gas emissions; Natural disasters; Caribbean; Global